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.

Tuesday, April 22, 2014

Tue. 04_22

SPY- retracing most of the previous sell-off and making a higher pivot high.  

DIA - coming $0.10 shy of it's primary target.  We still continue to base under the $164.79 (2014 Open) and $165.47 (2013 Closing price).

QQQ- resisting at the previous pivot high

 IWM - so far making a lower high, but that could change by week's end.

XLF - mustered up enough strength to close above the 20-day MA.

IYT - made a new all-time high today, strength continues to show up in this index.

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