SPY 9_24

SPY with TICK below..
Area of interest not highlighted includes around the 9:20am point, strong volume on a re-test of the o/s_high.
Worth noting;
 High TICK of the day at the o/n_high, followed by a negative TICK divergence.
 The midpoint acted as support with a second test showing a low TICK of the day on a higher low in price, followed by a lower low in price and higher low in TICK.
 Price tagged a 50% extension of the overnight range which coincided with a gap fill.

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

Advancing/Declining issues trended up all day after starting off strongly bearish.  Worth noting how the gap fill corresponded with a touch of the zero line on the A/D.
Up/Down volume trended down most of the day with the exception of the mild squeeze mid-afternoon.

SPY 15-min & 5min with 3/10macd.  Drawn on the 15-min are two Fib projections; one based on the momentum gap down and pullback, which could have been considered a bear flag, however the selling was capped at the 50% projection.  The next projected from the low of the day to the initial swing high and down to the midpoint.  Price achieved the 100% projection which corresponded with the 50SMA, a gap fill, and the 50% projection of the o/n_range (as shown in the chart above).
The highlighted region on the 15min indicates the 3d criteria.  I took two entries in anticipation of this setup, one around noon and the other about an hour later.  The noon long entry I exited with a small loss.  

AAPL potential

Just food for thought regarding AAPL
The weekly (right chart) bounced off a 38.2% Fib. retracement with a stark reverse divergence (2c-2d setup).  What is transpiring on the daily chart (left) is the potential 3d criteria which sets up the higher time frame follow-through.
Points for consideration:
  - Price holding the 50% retrace (roughly $555)
  - A breakout above the overhead down trend line leading to the $581 resistance mark.
  - First Fib. target of a 50% projection near the $608 level.

SPY 2d

-Bullish trend in place (20- & 50-MA slope & distance) and price above MA's.
-Pull back into a support area (in this case the previous day's high) which often registers as a reverse divergence.
-Double bottom into the later afternoon (can otherwise be an inverse H&S or 3-push to a low).
-Price returns back to the breakdown point (continues in the direction of the trend).
I use the term "2d setup" to define the above list of criteria, as mentioned in previous posts.  So here is what it looked like in the SPY today; as an aside, had price rolled over under $133 (around the 1:30-2:00 hour) this could have been a potential short:

And so price is in the reversion to a mean phase, in this case the 20-day MA, which coincides with the 38.2% retracement.  (Pay no attention to the lower wick on the chart below, it appears I have to clear my cache).

TLT projection

The TLT finally reached its 100% Fib. projection today off of the impulse seed wave formed back in April.

Mon. 4_15

Some setups from today.
Midday:
 NSC - Relative strength with a bull flag at previous day's resistance.  I missed the 1st up-arrow entry and entering up against the 50% projection (of the smaller seed wave) and so near the IB-high was a "short leash" trade.

Here is how it looked on a 3-time frame perspective.

NFLX - Seeing 3-pushes to a low on the 15-min and a small double-bottom on the 5-min at the IB-low the entry was long with a target of prior breakdown points that coincided with the 50% & 100% projections.  Got out too soon before price tagged the 100% projection

AMZN - into the close trade which didn't amount to much

I didn't take this SPY trade, but it fits a number of trading rule categories.
On Friday we broke down from a momentum bear flag and continued on that path today.  Price found support at the 50% projection (as well as various other technical price points) of that bear flag on a momentum buy divergence (15-min chart) with 3-pushes to a low (illustrated on the 5-min chart).  The 3-pushes formed an inverse H&S (or seed wave) and achieved the 50% projection, overshooting to tag the morning's breakdown point at $137.68.