2c-2d

a good example of 2c-2d criteria on the higher time frame with 3d-3a criteria to set up the trigger time frame

Thu 08_1

Resistance overhead?  Just gap over it!

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

Arrows on higher time frame indicate anticipatory trades that are entered using the faster time frame.

ES_with globex;  best entry was 10-min prior to Open; arrows indicating potential entries (no exit signals are indicated)

HIgher time frame; Daily (below, right) had 2c-2d criteria, entry was 3d-3a criteria setup on faster time frame

Fri 05_10

Choppy, choppy day....

Spent A LOT of time chewing through these high volume nodes

Breadth - Up/Down_Volume stayed trending bullish all day long.  Adv/Decl issues bounced nicely at the zero-line initially, failed but recovered later on

Higher time frame - 65-min showing 2c-2d criteria (looking for a 3d criteria on faster time frame for entry long) while holding on top of the 20-period MA

Weekly/Daily bulls in control

which way

Looking at the higher timeframe SPY, the daily really can go either way.  The fast line on the 3/10macd can tick up (which would read as continuation on the price chart, or it can tick down and signal further continuation.  When viewing the 65m chart with it (on the right) the fast line on this 3/10 macd can either form an XYZ corrective wave (which would read as 4d-4c) or cross the slow line and turn into 3a (further test higher).  Not much of a clue.

Looking at a slightly faster time frame than the daily, the 130min (3-bars per day) is showing the 2c-2d criteria (not necessarily bearish). While pairing it with the 30min we would be looking for a 3d-3a criteria to trigger a long.

Mon 03_04

today's trade

50% retraces continue to hold

2c-2d criteria on 65m chart with 3d criteria setup on faster time frame