weekly time frame

Higher highs, higher lows, strongly trending 20- & 50-MA's.  This time frame will still find buyers into $178 and $174

Waiting for the weekly time frame to reset to a buying opportunity will mean waiting for the daily time frame to have a fast line/slow line orientation to bullish.  Gauging the next buying cycle will be important to see whether or not the weekly puts in it's first structural lower high since July 2011.

04_10

All that selling and nothing really actionable (on the short side) in terms of triggers for the Daily/Hourly split.

Wed 04_09

Another melt up on the hourly time frame.  Chasing price higher with very little pullback (as exemplified in the hourly 3/10macd).
SPY - Daily exhibiting fairly symmetrical cycles averaging 10-days.  The only continuation following a pullback trigger came pretty late

 DIA - zero pullback

 QQQ- trigger on opening hour bar, primary objective achieved

 IWM - similar as QQQ

 ES - 4H

Tue 04_08

SPY - the Daily 3/10macd could be putting in a 3d criteria setup.  Many other indexes still have a positive Slow Line.

DIA - So long as the Dow remains over 16,000 it looks like it is building a base around the 2013 closing price and 2014 Open price area

QQQ -

IWM

 IYT - A lot of overhead supply, but the slow line still remains positive on the daily (making the hourly open to buying setups).

 XLF - holding support

 EURUSD

 4H ES -

Mon 04_07

Things looking pretty extended here

04-04

Big day made up for all of the choppy cuts leading up to today.  Most achieved primary target, except for $XLF ($QQQ reached secondary target).

Cycle Update

Had to re-draw the SPY cycle count being that we made another high.  It's been a crazy run.  Technically the cycle isn't considered over until price closes beyond the "Cyclic Trend Line" (CTL, in fuchsia).  In other words, we have a long way to go

Tue 04_01

Tough setup when the trigger chart doesn't have a very solid pullback.
The daily triggered a long on a few majors, so looking for a strong momentum breakout. Which may or may not happen before Friday's NFP
SPY breaking out of the "W" pattern

 DIA - a little hesitation, caution for a pullback if there isn't a momentum move tomorrow.

 IWM - has some ground to cover.  Should it trigger a positive 3/10macd daily reading tomorrow it may be a choppy move forward due to the V-bottom characteristic

 QQQ - similar story as IWM

 IYT - all-time closing high today.  Very strong move these past three days

Mon 03_31

Got beaten up on whatever shorts were held over the weekend
Was able to make some back in IWM

 Getting really beaten up in QQQ

DIA - a small scratch on DIA going nowhere beyond the first hour's range

 SPY- blah but could turn out breaking from the daily "W" pattern while back above 20-day MA

 XLF - meh

 IYT actually a decent day in the transports

Fri 3_28

SPY - Had potential for long follow-through today but it just didn't pan out.  It may be tough shorting a negative fast line change on the hourly (being that there would be potential for a 3d criteria) but it will have to be entertained.  May be a little inverse H&S developing but there's nothing to trade unless it breaks the neckline.

DIA -Daily may have just triggered a short

With a higher time frame look the daily short looks to be worth a try stop at around $164.33 - 164.49 area

QQQ - short trigger within a falling wedge, but a falling wedge can break in either direction

IWM - similar scenario as QQQ

XLF - nothing to report.  Important that it holds support after it's recent breakout.  May take some time to consolidate if it hods these levels

IYT - 50% retrace was support, now resistance?

EURUSD 4H

ES 4H

Overall we just have to let it coil and play the break