Thu. 02_07

today's trade:

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

Wish every day were like today.
The 4c criteria (like the 1a criteria) is more about trading price breakouts (using "breakouts" to be synonymous with "breakdowns").
I was late coming into the first short this morning

but if you go to a faster time frame you can see the ideal entry.

Higher time frame:  Ball back in Bulls court...so long as this lower high doesn't hold

An update on the cycles posted the other day.
  I'm suspecting it's either a complex Head & Shoulders, or a broadening wedge with a "Partial Decline".  Either way, above 1512 (SPX Cash Market) or under 1500 seem to be the bull/bear lines.

Fri. 01_18

today's trade:

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

Blue arrows are entries, black are exits.  "X" indicative of a trade considered but not taken.

Higher time frame showing 2c-2d

Finally, the weekly.  Points worth considering:

-Corrections have become shallower since 2012.  

- Breakouts from previous highs have seen diminishing returns

- As old highs (or in this case, all-time highs) are approached it is common for positions to be thinned.  Pros don't want to buy at the highs or as price breaks out, they would prefer to buy a re-test of the breakout point.

I still believe this is an important divergence to keep in mind.  The QQQ weekly head and shoulders.  Invalidated above $67.50-$68 and the neckline coming in around $62.  If this were to break down, a measured move would be around $53 (which would still maintain the higher low structure).

Tue. 01_08

today's trade:

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

Contemplated the 2pm long, but didn't take it

What I'm looking at going forward.  Essentially an overhead trend-line break on the long side or a bear flag breakdown on the short side