Replies to post #25552 on ETF SWING & DAY TRADING

[Torqputty]

gloe, S&P

my main focus has been Q's & SMH and have to say, i have been inconsistent with S&P readings ytd,

6 days ago, i thought S&P's lower trendline had broke only to get a break-out yesterday.

So, what to do?
S&P upside target is 1350, thats only 3% away, little reward for the risk, and we will not get that 3% in the next week, So i scaled back my S&P expsoure and will call today "good training"

i'm mainting the 20% exposure based on daily stoch and daily macd

S&P channel


S&P 6 days ago

[omandan]

gloe
5 days in a row up, that makes it tough. Looks to me for a down start. Everything looks really overbought, but things look strong.
Dan