Wed. 2_27

today's trade

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:  

Criteria 1b-1a throughout the day which means trades which anticipate a breakout and or base break.

The red diagonal line in the 15m chart above represents the cycle price and time projection I drew before the market opened this morning based on the symmetry of the cycles shown below:

The fuchsia line in the chart above reflects the cyclic trend line (a la Stevenson PTT) where a close through that line would indicate the beginning of the next regular cycle.  A partial decline followed by a return to the $152.25 area would be pretty bullish.  

The sketchiest thing at this point is the lower high scenario indicated on the 65m (also a reverse divergence currently) with the 15m showing a 2b criteria (Head & Shoulders pattern on the 15m 3/10macd).  

Also should point out a potential reverse divergence between the S&P price vs. S&P breadth.
S&P Advancing/Declining (left) and S&P Up/Down volume (right)

thurs 7_26

SPY gap up day.
Price sold off showing a falling wedge on a reverse divergence.
Three potential entries.  I entered on the first up-arrow (5-min chart) for the 50- & 100% projection targets.  Later re-entered on the third up-arrow with a target of the day's high (corresponding with the lows of 7/20).

GOOG trades

I never really trade GOOG, but these past two days worked out for some trades.
First of all, Monday was a strong day for GOOG.  Yesterday price gaped down, but held a 50% retracement of the previous day.  For most of the morning price coiled within a narrow range before breaking out to fill the gap.  The original plan was for a trade only to the IB-high, but given the strength of the breakout the Fib. projection targets were in play.  This was close to a 3d long setup while the higher time frame was the 2d setup. (One entry and two exits).

Today, was a bit choppier for me.  There are a number of up/down arrows in the early session showing entries/stop-outs.  The first was a break-even trade, the second a stop-out of 85-cents/share.

Meanwhile, today's move fulfilled a 50% projection of Monday's momentum:

This was actually a great example of a 2d setup occurring on the higher time frame, therefore a swing trade.
Going back to the first week of March the Daily chart set up the 2d criteria while the faster time frame gave an entry around $609.  Today's price action came within $0.63 of hitting the 200% Fib. projection from the initial momentum wave occurring between March 6-12th and filled the gap left from January 9th.