Some whippy behavior in the market today.
SPY - may be setting up a long entry for tomorrow (65m fast line going green).
DIA - similar story as SPY
QQQ - stopped-out short entry today (unless you kept a stop above the pivot high i suppose)
IWM - similar set-up to the QQQ but a but less of a loss (due to the 65min fast line ticking up while the higher time frame has a FL<SL orientation).
IYT - the reason for not shorting this set-up mostly has to do with the previous strength.
XLF - the one short that worked!
4H ES - quite a swift reversal bar. This is what can happen when you short a 4c-4d continuation (on the faster "trigger" time frame) when the FL > SL.
EURUSD - stuck in a crummy range, leading to more stop-outs. Notice how the traded time frame 3/10macd (top indicator) kind of goes flat, as compared to previous, larger, momentum readings. Indicative of an environment that can prove difficult with these setups and within such a tight range.
No comments:
Post a Comment