The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Showing posts with label major level. Show all posts
Showing posts with label major level. Show all posts

Friday, March 12, 2010

115.14

January's monthly high for the SPY was $115.14. Seemingly insignificant, but look at what this level has meant to the SPY for well over 12 years. Red arrows = resistance, Green arrows = supportDon't get caught up on the exact penny of $115.14, rather use that level as a suggestion of possible support/resistance.
So, starting with 1998, here's the intraday $115.14 level:
July 1998-Dec.1998:
March 2001 - May 2002: January 2004 - May 2005: September/October 2008:
And last but not least, 2010:
And if that doesn't get you excited, take a look at yesterday and today on the 5-minute time frame:
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