Nothing much has really changed this week. Price seems to be digesting through time rather than price.
SPY - blah. Nothing much happening here. Had a long trigger this morning, but it couldn't get beyond $185.5
Similar story with $QQQ - when these triggers start registering small, or even full, losses it tells me a bigger move is on the horizon.
Was looking good for IWM but it failed it's target and closed $0.13 under original entry.
DIA - failed to fully break out of a triangle. Looks like it can go either way
IYT - since the daily was/is still bullish it was worth trying a long on today's trigger, but once the fast line ticked down it was better to take the small loss and enter the 2b criteria short setup. I'd be a bit nervous holding this short overnight, but a decent hedge might have been to hold some IWM long while taking this short
XLF - still feels like this can go either way.
No comments:
Post a Comment