Day: December 15, 2009

range, range, range, range, range, range range.  The last couple weeks has been some of the easiest trading a swingtrader could ever imagine. Bounce between support and resistance…….holy moly! you know what thats called. Swingtrading. Today the market neared the top of the range. As we have known for weeks to get our breakout we …

Read more12/15 Recap/Top of the Range

  Judging from the chart of $spy the ideal long entry is a pullback to the moving average OR a confirmed breakout above whats been a pretty long trading range.  Today SPY floated towards resistance (the recent highs). Typically when market is range bound for such a longtime there is a decisive break to the …

Read more12/15/2009 Gameplan