DVY trading noticeably better than SPY today.

broke back above the down trend line. Watching for a 3-bar confirmation on 5 min chart. Steve, is 5 min too short a time frame? What are you using?

SPX 15 min chart: Bollinger bands squeezing a bit here. Maybe another upside move? Hope so, for the systems trades!

And looks like it's broken symmetry. 

SPX hitting symmetry (~16 pts).

reading my mind! SPY has yet to tag the 100ma/ 61.8 fib.

That's your setup, now you need a price pattern trigger.

hammer on 15 min SPY chart, double bottom. Took some here.

However, from a TA standpoint, your trend lines show an ascending triangle, which is very bullish! Has to hold about here, though, for it to remain valid.

I've always found it pays to refrain from holding a static bull/bear point of view (essentially a prediction) based on chart patterns. Better, as Steve says, to react to the chart. In this case, one could go long here w/ a fairly tight stop. Or, if the support trend line fails, watch for a backtest and turn down to go short.

Just some thoughts.

Roger

https://www.youtube.com/watch?v=2QptmMGtzo4

Thanks for the post, I do notice 3-pp showing up on 30 min as well (as you mention).

AAPL broke below yesterday's lows.

So, you mean the MACD histogram, not the MACD itself, right?

Out of the short for Chinese takeout cash!

SPX 2080 pivot may hold after all - ?

Lol! I've moved my stop down to a small gain. The wedge may hold.

Man, they're starting to sell AAPL even stronger. If the low of 125.07 doesn't hold, say goodbye to the bottom trend line of the wedge.

AAPL had a false break above the wedge, and has turned down hard since then. I went short w/ a small position at 127.90. So far so good. 

Also, SPX is not holding its primary pivot backtest.

Actually, I planned for a scale in, so I guess today is as good as any!

DVY just 20 cents from the 200ma.