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….the 30-mintue chart of the SPY is methodically moving higher, out of a bullish ascending triangle today. While we could see a minor retest of this morning’s breakout, I do not think it is a bet worth taking for swing traders, as it would likely be more of a buy than a short even if it does happen. Either way, the price and volume pattern on the above chart is telling you to keep it simple and trade what you actually see, else see your hedges get burned.
Chess – Just another quick note of thanks for running a great service, and keeping us all on track.
thats some serious sideways action.