Weekly Recap 5-30-2014

I have been traveling for the last two months due to some family emergency, and my updates suffered from it, but I hope to be getting back to my regular schedule, and to increase the frequency of the updates.

we are entering the last month of the second quarter, in my absence the system did not perform well (nothing to do with me) but is slowly recovering from its loses and I expect this month to perform much better. You can read more here

SPY has been in a bullish trend on the weekly chart from the beginning of the year and on the daily chart since April, and things are again getting overbought so I am not sure how much further upwards movement is left before a correction. The good news for the bulls is that all signs point to the fact that after a correction/ consolidation SPY will make a higher high.

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2014-5-30- Daily 2014-5-30-Weekily