Weekly Recap 4-25-2014

Still on the road with very limited posting capabilities, lucky for me on the weekly chart SPY didn’t do much. The only thing worth mentioning is the crossing of the daily trend line before the retrace started, so it may provide a support for SPY. Currently it looks like SPY is doing a huge sideways movement that may last until the middle of May, but this is just a speculation.

The system made one short trade this week with a minor profit and is currently holding another short position open with a take profit signal. The system also issued a possible long signal at end of day Friday. For more info you can look here

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2014-4-25 Weekly 2014-4-25 Daily