z-day

As could have been expected, today's day followed Friday's trend day. The SPY gaped down to S2, rallied back up to nearly fill the gap where it was met with resistance from the previous sessions lows.
The move down gave a nice buy divergence this morning at S2. Later in the day though brought on some nasty fake-out moves in both directions.The plan for a z-day is to buy a bullish divergence at the extreme of the keltner channel, and play for a move back up to either the mid-line and/or the upper keltner channel.