Replies to post #57631 on SPDR S&P 500 (SPY)

[learningboutinv]

Ok... I might be classified as one of those dumb traders that farooq was talking about. Against better judgement, and against overall Daily trend which is up, I just entered a 1/4 QID. There's a 5min slimjim, but there's also a 60min double top. Not expecting a big retracement here on the $NDX. But I have my finger on the trigger, and there is positive MACD, CCI, divergence on QID and the ADX-9 line is curling down which means the selling pressure on QID is starting to fade for the VST.