Tuesday, March 8, 2016

Mar 8 - Potential consolidation for another and maybe final leg up

Got stopped out of my SPY long entry from yesterday and re-entered on the 30 min signal.  Looking back, I made the wrong play and should've closed out the position EOD and waited for a better signal rather than booking a 1.5 handle loss.  Regardless, I am seeing signs of toppiness in junk bonds and Treasury yields so this is probably the last bullish move I will try and capture.  Also seeing increased bullish sentiment across the internet so that isn't a good thing.

Edit: Going to pull longs by EOD latest

QQQ setting up well
 SPY also issuing 30 min buy signal on stochs/ CCI and trendline

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