3309 Drysdale Ct
Edwardsville, IL 62025
SPY
With this time frame, best viewed as a scalp setup. It appears no vote on debt in house until Thursday anyway. Advance/decline ratio remains weak and will need to improve to support any bounce.
The equity markets moved up into the European close....this often reverses course (or drifts afterwards) so trail stops if you scalped long.
thx
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SPY 1 (Update to Matt's Chart)
Posted by steve on 27th of Jul 2011 at 11:15 am
SPY
With this time frame, best viewed as a scalp setup. It appears no vote on debt in house until Thursday anyway. Advance/decline ratio remains weak and will need to improve to support any bounce.
The equity markets moved up
Posted by steve on 27th of Jul 2011 at 11:35 am
The equity markets moved up into the European close....this often reverses course (or drifts afterwards) so trail stops if you scalped long.
thx
Posted by klatuu on 27th of Jul 2011 at 11:19 am
thx