Daily Recap 10-2-2014

After a long absence I am slowly trying to get back into writing shape, not sure how much I will be able to sustain it but I’ll try.

SPY hit the daily support channel today and bounced so it looks like we might get a respite from the decline, on the other hand I don’t see any positive divergence on the 60 and 120 min charts so odds are we will see another attempt at the channel line.

The system is currently holding a 120 min reversal short position for several days and the system issued an exit signal today There is also a 60 min reversal entry signal

for exact signals you can look here


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