Monday, March 7, 2016

Mar 7 - Looking for long re-entry SPY

Roughly 199 SPY would be an ideal place to pick up longs again.  So far selling looks pretty feeble and low volume.  I am favoring another push up to 203-204.  After that, who knows.

Primary looking at the 30 min chart but watching the grain of action on the 5 min.  So far nothing scary.

Edit: went long SPY

Previous chart

If it hits the yellow zone below, going long

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