I am omitting the pivot levels lately because the market is so volatile that it makes them almost impossible to use.
I am also planning for a vacation later this week so my time is limited. I have added a SPY 5-minute chart to handle the volatility. It is chart 9.9.9 in my chartbook. I will updated it throughout the day.
Also it looks like the VIX may be rolling over at least for the short term. Look at the hourly chart for the stoch cross.
Why Successful Traders Fail
3 hours ago
2 comments:
Went long at the SPY 5 day. My stop is today's low.
Whoops, meant the low of the move, sorry (looking at 5-min charts too long).
With a little breathing room, 120.20 - 120.25
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