Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we:
Buy at support;
we take small, quick profits;
and we use the 10/2 rule so that we never slip backwards.
The inverted head and shoulders pattern on the SPY is in jeopardy of failing. Leading the way lower are commodities, retail and banking. This could be just trading range activity, but it has a much more ominous look to it.