However, what may be setting up now is a 3d long entry on the daily. So, a trigger on the faster time frame would be for the fast line to turn green.
Monday, August 22, 2011
Daily SPY
In a previous post (click here) I highlighted a short swing setup in the SPY. The short entry trigger bar had a closing price of $115, today's closing price was $112.77. There is still potential for price to hit the 200% projection from the 08/18 gap down which coincides with the 08/09 lows.
However, what may be setting up now is a 3d long entry on the daily. So, a trigger on the faster time frame would be for the fast line to turn green.
However, what may be setting up now is a 3d long entry on the daily. So, a trigger on the faster time frame would be for the fast line to turn green.
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