SPY, the shooting star was created within A MINUTE!

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I seldom cover SPY             unless something interesting happened!
This "shooting star" look weird if you bother to use 1 minute chart, you would be able to see that the entire process of breaking resistance and then rejected below the resistance, all it took was a minute at 4:59pm

Mdm Y's buy/sell HFT             algorithm at work?
i had the honour to do some intraday SPY with my fellow followers, which is a good trade

i emphasized a lot on the wicks/beards (rejections)
IvanLabrie jangseohee
Nice run.
That in Wyckoff terms is a heck of an upthrust...coming down hard ;)
jangseohee IvanLabrie
Yup yup, now i remember Wyckoff's upthrust, what does it mean in terms of the current market context? :-)
IvanLabrie jangseohee
Stop hunting, some news event pushing price temporarily up, to then sell on the poor souls that got trapped in the rapid up/down gorefest.
jangseohee IvanLabrie
dump money chase all the way up!
jangseohee IvanLabrie
Oh yes, it is! Well, i see it a Shooting Star, since the high is not violated even for Christmas Rally, i am pretty happy about it :-)
Is it just me, or there are some issues with the site today?
jangseohee JohnKeverich
u mean tv site? a bit slow?
jangseohee JohnKeverich
yup, loading of the data takes years :-)
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