On October 27, 2011, the SPY (S&P 500 SPDR) had closed at a multi-month high (at least a 3-month high), and – after a 2-week consolidation phase – is currently approaching that high (128.63) again.
The intraday (price based) setup looking for another strong intraday run-up in the markets on Friday, November 11 (see Implications of a Black Candle Today ) played out nicely again (although due to a gap up at the open an entry opportunity was not presented), while the seasonal intraday setup looking fo
The intraday (buying) opportunity presented yesterday on the blog (see Intraday Opportunity after a Sell-off ) played out nicely today (Thursday, November 10).
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