I'm looking at 1/23/14 as a rough analog, where price consolidated under prior support and the 5dma, whereas today we consolidate below the 20dma ; Another difference being that on that day DNV was ~3x UPV, but today UPV is slightly ahead of DNV (favoring bulls) ; On the 23rd there was a late day run up to resistance that failed the next day ; That consolidation lasted 6 hours, this one is into it's 8th hour, and so I'd have to conclude the confusion is greater now
![Confused :?](./images/smilies/icon_e_confused.gif)
Hmmm, let's see, Crimea, Russia, China, Copper, Yellen, Yen, YIKES! It's event risk time! So, by Monday, everything's settled (but not really), and we gap up 20 points like on March 4th!
My problem, if I may share, is that I've mismanaged my account, and so if I allowed my short to be stopped out in the money on a move above the 20dma, then I couldn't re-enter a substantial position of any kind for 3 days (3 day rule is getting me here) (stop placed, but I'm hoping it doesn't trip) ; Price wise it wouldn't be without precedent if we formed a larger top, in the 45 point range that we are in now ; That would take at least 3 days, and I wouldn't want to carry a short back up to the top ; On the other hand, it would be just my luck to get stopped out and then miss a continuation lower for a larger gain ; Usually I only take half or third positions to preserve flexibility, but screwed up this time
![Embarrassed :oops:](./images/smilies/icon_redface.gif)
I could bore you some more, but I'm going to quit now
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS