waiting

A method I employ to allow momentum time to digest is by trading on the "right side" of the 3/10macd fast and slow lines.  "Right side" meaning, if I'm looking for a long entry I prefer to have the fast line greater than the slow line, or at least close enough to where I can anticipate this to happen.
In this Daily chart below of the SPY the fast line went under the slow line (most recently) on Oct. 30th, so before entertaining a long entry I prefer to wait until the fast line and slow line catch up to one another again.  This isn't to say that price can not go higher, it's just a way of allowing previous momentum time to digest.
Other examples are highlighted in the chart below coinciding with potential long entries.  There was a faded breakout in June, but it is a good reminder that nothing is ever perfect in this game.