The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at
I am always open to questions, comments, or suggestions on how to improve this blog.

Wednesday, December 11, 2013

the damage

SPY hit two targets after the trigger bar

IWM coming just shy 3R, possible it gets hit overnight or on the open tomorrow.

QQQ it's all about the ability to hold a higher low at this point.  Just shy of 2nd target

DIA (similarly the SPY) it would be important for momentum to follow through on the downside, otherwise a buy divergence can come into play.

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