SPY daily
Today we got a pullbackk, as predicted in my weekend tactical update. The engulfing bar is usually a bad sign, but volume wasn’t supportive of a larger move down, which is why I still believe we just get a pullback. If you look closely, you can spot where I have the next buy order on the chart above 
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I am on vacation, so updates my be sporadic this week. Anyways, I think we should get another down day. Watch the support and resistance lines.
12 times the S&P has reversed intraday to close below the previous three closes. 0/12 times, the reversal has marked a major peak.
Well Done!
Thanks TWYM. Good stats, that support my suspicion. I still hope for a bit more of a pullback to get some of my orders triggered. I also hope to unload some of my covered calls for a profit, so a pullback would be nice.
EDIT: On vacation I do not trade, but I have set up all my triggers. We bounced of the 10MA, so bears haven’t won anything major yet. We could get one or two low volume up days first, before dropping, but overall its nice to see some action after lulling everyone to sleep.