ETF SWING & DAY TRADING

[royg1927]

Nocona, re earlier TA notes:

This last scalp, SPY puts was taken not with any NERS CCI considerations.

But I hadn't previously pointed out Wm%R14 on my StockCharts 5-minute chart style. In some cases (this one included) I take note of NERS-like indications on Wm%R where there is a steep cross of the zero line. You see it here:

http://stockcharts.com/h-sc/ui?s=spy&p=5&yr=0&mn=0&dy=2&id=p81381926530

Also in this case, wanting to take a 20% scalp as offered, the 5-minute MACD added to the decision as well as the Slow STO's both 5,5 and 14,3 on the 15 minute.

http://stockcharts.com/h-sc/ui?s=SPY&id=p14735824320&def=Y&listNum=1