Down-Sideways-Down, is what we ended up with on this OpEx Friday.
Below, SPY with NYSE TICK and volume. Notice the sell-off into the close occurred on a TICK divergence. Just because there is a divergence isn't reason to take (or hold a trade).
A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
Advancing/Declining issues trended down all day, as did Up/Down volume. The A/D line tried to hold zero, but interesting how up/down volume broke zero and was resisted by it on a pullback.
The 15-min & 5min SPY with 3/10macd. I got chopped around in the mid-afternoon. "Setups" taken (on the 15-min chart) were a 2d-2c continuation (bear flag) early morning, and a 3d "failure" which rolled over out of another bear flag. The long entries taken in the mid afternoon were in anticipation of the 3a criteria, but price was very heavy and couldn't recover the IB_low.
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