Great charts an stuff , thanks everyone.
My read on the spi ..from the reference points I mentioned
( mine are a little different from the 3 day open bar closing price but it dosent matter )
its clear to me that the condition of this market is sideways (horozontal) so the way I like to trade when the market is in that condition is to fade the recient lows and highs.I do thatt from the profile chart I have., and use the macd histo for a second reference.On that profile chart I marked prices that the market has reciently rejected , the john west prices I call em ..and that was a great place to fade the rally yesterday .
Sideways markets are great .as JD says trade in an out .We wait for a break and a more vertical phase . it will come sooner or later . I see on the leader emini on the way my time daily data is set up we have a swing top there , and I could be wrong but if we get another swing top its a great sell from the top of the long term trading bracket .
good luck and good trading to you .
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