Longer term bear move? No disrespect intended, I don't see it. Can you explain please. Since '94 this's been a bull market, apart from havoc caused by the internet bubble and 9/11 tragedy, all we are doing IMO is getting back on track since late '02.
Not knocking chart analyses, use them myself, but looking @ price action in T&S against charts, IMO, no spike required, just a lower trigger point. EDIT: If methodolgy at least partly based on chart analyses, one must have access to multiple open charts - 1,3,5,10,15,20,30 minutes at least I would say, otherwise, if there is limited access, T&S monitoring is imperitive, essential anyhow IMO. I know you like those 60 min charts B1S2, but for day trading aren't they puting one behind action that's already taken place?
No spike needed. Stopped out at entry (1306.50) but as the trend stays short i went short again at 1306.5 after we went to almost 1309. I'm still convinced that we will break the low of the day.