TheSessionMaker

SPY Late Day Rally Entry Signal

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
I didn't catch this trade as I wasn't able to watch the market late yesterday afternoon.. the perils of other responsibilities.

Anyway, thought I'd post an example of an aggressive swing entry to participate in a rally similar to today's (we will have more, don't worry). Nice example of the EMA cross over's on heavy volume , RSI and %R strength and the MACD crossover occurring 30 minute's before the actual EMA cross (this provide's the interest in the trade, where the EMA cross is the trigger).

Thought's are appreciated. Wanted to provide an example of a trigger for a trade. We can discuss defining risk management on this type trade in the comment's if interested.

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