S&P 500 Analysis & ETF Trading

[kiy]

S&P 500 I added a long position at 2715 to time a short position...
PPO/MACD suggests down...CCI 20 suggests down...*** intraday is bouncing from oversold level 2710...
...then you want to look at what the Grail averages are saying...10day average is at 2714...Price would have to be below 2714 to get 10day trending Down...the 3day 2721.44 and 5 day average 2721.05...PRICE needs above 2721 to keep 3 day from crossing 5 day...so Bull above 2721...Bear below 2714 So now you know where you're at on the daily chart...and you can play these numbers on the intraday chart...trade against the daily down bias...below 2714 a long position is in trouble...

Daily...