A few primary targets hit on the weekly time frames.
SPY - hit on Friday. Expecting the higher time frame (upper indicator) to see a FL/SL cross on next week's close. As mentioned many times before; just because the FL < SL on the traded time frame (upper most macd) doesn't mean price can't go higher, and when the FL finally does cross the slow line it can be too late in the move (which is why you use the faster time frame (lower 3/10macd) to time an anticipated trade in the direction of that higher, traded, time frame.
DIA - depending upon discretion you could have either stayed in this triggered trade or gotten out because of the 3/10macd fast line ticking lower. Also, depending upon discretion, you could have entertained the idea of entering long on the close of this week with the fast line ticking up, but it's not really a setup I like to chase.
QQQ - reached it's primary target on very strong momentum.
IWM - actually triggered on the close Friday for a primary target back to the all-time highs
XLF - nearing a primary target, all while the higher time frame has a FL < SL and seemingly waning momentum
IYT - been leading with shorter-term consolidations prior to breakouts
ES - like the SPY reached a primary target on Friday
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.