Starting with the SPY off of the March '09 lows and including the most dramatic swing high and low:
A little closer up with sliding parallel lines included:
Throw in the most recent seed wave which started the recent drifting rally. The drift appears to be yawning ever so slightly:
A look at the Dollar index monthly chart:
Spanning the past 20-years, price has bounced twice from the Lower Median Line area but keeps working its way down.
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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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