alleytrader

Big picture all indices

alleytrader Diupdate   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Market is in a very big sideways range and then over the last 3 weeks has been engulfing each prior week. The trade to me is back inside the expanding range. Keep an eye on very big picture weekly, Monthly to see if overall sideways trend changes.
outside the daily action a bigger trend should develop.
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Next chart will be the weekly, as i look for higher highs or lower lows.
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Will not be any follow up, Fiona hurricane has wiped out my power and will be days till back
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Not much to be said except all I am looking for our shorts. This will change when i see a sign of up life.

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