Update on the near-term SPY cycle count. The most recent "Inverted Cycle" (with a "7" count) makes it seem as though more downside. The 12/04 pivot being essential for putting in an extended "Regular Cycle" from here. The other possibility (being that tomorrow is day 7 in this current Regular Cycle) is that we have a symmetrical Regular cycle before turning back up for the next inverted cycle.
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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