Nothing has really changed.
This week played out the 2c-2d criteria long setup on the 65-min chart (bottom left). The daily (bottom right) has played out the 2c-2d criteria long setup since the beginning of the month:
We closed the week on a 2c-2d criteria for the 65min chart and the 15-min was showing 3d criteria to set up the long entry. Resistance to overcome being the $156 mark
Slight bearishness on the weekly in the form of a decent sized wick on a topping type of candle.
Watching the daily 3/10macd for a fast line/slow line cross (same for weekly) to see if there's a steeper correction
A broader look at the weekly SPY. It's interesting to notice that some very textbook technical patterns (and their measured moves) have played out quite well over the years.
2 comments:
Todd I read your blog almost everyday. That's why I've asked if you could be so kind as to add me to your blog roll. I have you on my blog and by clicking on your link I , an many others can find you site. Have a great weekend.
Jay
lulz...I walked right into that one
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