A playback of the SPY today, Friday August 31. Jackson Hole symposium as well as end-of-month. Horizontal lines on the chart indicate the following:
Dotted Fuchsia = IB_high/low Solid Blue = o/s_high/low
Dotted Black = today's Open Solid Purple = o/n_high/low
Fib projections based on overnight high/low range.
Click in lower right to enlarge full-screen.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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