Can possibly consider today a failed breakout since we closed under the breakout level.
A couple of losses on the higher time frame setups.
SPY - Rather than wait for the fast and slow lines to cross on the hourly 3/10macd it might have been prudent to just scratch the long entry trade today, particularly since other indexes triggered a close for a loss.
IWM - closed right around the initial entry for this trigger long. Similar situation as SPY (either close as a scratch or wait for the fast line/slow line to cross.
DIA - continues to show relative weakness. An entry today at the given trigger bar would have been closed for a loss.
QQQ - would have also been closed for a loss.
XLF - hit the primary long entry target.
IYT - not sure what to think about this index. The long entry would have been closed for a loss given the fast line/slow line crossover. Though the daily still shows a 3d criteria set up it can still roll over (which would probably be a strong bearish move). Or, it could just pull in to the $130s again and regroup before heading higher.
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