Swing Trading Can Be Slow Dancing!
SPY 20 Day. 2 Hour Chart - 1.14.11 - Breakout from Range Bound 3 Day Action. The Trend has been UP{ all the time, but the Market must Digest Change. The Trend Continues Bullish!
Play of the Day - On Balance Volume Breakout signaled a turn to the upside. Regression Channel analysis pointed us in the right direction. The Channels pictured above were not changed following the breakout. The Projection was very accurate.