Thu 02_20

A couple of potential long entries on the higher time frame, but with fairly small targets
QQQ only had a 15-cent target and the primary objective was achieved.  A realistic short trigger would occur if the hourly fast line rolls over and goes negative at this point (same goes for other three indexes as well).

 IWM -  primary target was above previous highs, price back off 5-cents ahead of those highs.

 SPY - barely went anywhere for the last three hours of the day.  Some back-and-fill between $185 and $181 could set up an inverse H&S going into March.

 DIA - was the one index which lost ground following the long trigger.

IYT - watching for the potential for a 3d criteria long entry set up on the daily.  Today's hourly target fell short of the $130.48 target.  Watching for a pullback in the hourly time frame 3/10macd fast line and a continuation (tick back up in the fast line, which would be a 3d criteria setup on both time frames) for a long entry that would set up the daily 3d criteria follow-through.  Failing $128 would likely invalidate the setup.  May not set up in either (for a long OR a short if it rolls over) until early next week.

XLF - could be telling.  If the Daily fast line goes negative things could get messy.  Anticipating that occurrrence would be the hourly time frame 3/10macd fast line ticking down from here (4c continuation).