It's starting to look to me like a head and shoulders pattern being traced out on the SPY 30 min. bars, with a confirming OBV skewed to the downside reflecting increased selling on the down legs.
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My open book trading diary, ideas, comments, project etc..
Never listen to me or trade based on anything I say or do. I am not a professional of any sort.
This Blog is just to help me stick to trading themes and hopefully help me stabilize my performance.
This Blog is just to help me stick to trading themes and hopefully help me stabilize my performance.
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Blog Archive
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2008
(24)
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December
(10)
- Continued profit taking into year end
- Once again bumping up against extreme resistance
- SPY head and shoulders on 30 min. bars
- OI on the /ES
- closing ticks tripped yet another meaningful signal
- XLU vs. HYG (high yield bonds)
- The 2002 CRB bubble bull
- RSI and channel line set ups
- pressed against resistance and ready to roll over
- Test of the lows on deck
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December
(10)
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