Tue. 1_14

Today was a good example of why to scale out of a position once targets are met, otherwise you're likely to have covered today (from yesterday's short) at a scratch.
At this point, though we got what could be considered a trigger (in anticipation of the daily 3/10macd fast line going positive), it may be best to wait for a pullback.  However, a gap and go move could be likely as well.

The DIA really lagging here

Bit of a sell divergence across the board here.  May be best to wait for a pullback, but can also entertain a gap and go move.

We've seen this SPY move before, back on Nov.11, here is how it played out