SPY spent the day coiling...Going into Options Expiration next week will likely bring some volatility into the market. Bonds (TLT) and SPY finished their day on the highs.
A lot of scratch trades today. Should have been more assertive in the morning short trade setup based on the 5-min zig-zag corrective pattern.
Only thing that has changed on this higher time frame is the 65-min 3/10macd having a fast line less than the slow line. But when you have to squint to even see the 3/10macd that's not entirely bearish (volatility has become very compressed).
The last up-arrow on the 15-min chart (below, right) would be a consideration entry for the higher time frame (65min) anticipation of the 3/10macd going from 1b-to-1a criteria (and what we would like to see is a proper breakout of the previous highs).
The last up-arrow on the 15-min chart (below, right) would be a consideration entry for the higher time frame (65min) anticipation of the 3/10macd going from 1b-to-1a criteria (and what we would like to see is a proper breakout of the previous highs).
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