Wed. 04_17

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

Initial short (above, right) taken based on how the pre-market set up

Also, the Opening Swing was similar to a drive and stood up to a re-test

Breadth strongly bearish from the Open

Volume profile

Head & Shoulders until proven innocent.  If it is proven innocent a short squeeze would likely ensue, so stay alert.

Fri. 11_2

Considering we had a shortened trading week and it is the week prior to elections, it was essentially an undecided (chop) week in the equity indices; weekly high-wave or long-legged dojis.
The SPY is still in a corrective (and quite symmetrical) cycle process.

At any rate, here is the SPY for today

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

The 15m & 5m with 3/10 macd below.  I didn't take the short trigger indicated with the first down arrow.  I did take most of the triggers in the "Chop" zone (highlighted), but only for a loss of about half of an ES point.  I didn't take the 12:20 down arrow as I was already short at the 12:05 bar.