Daytrade setup

The bottom is left screen on my eturd platform...the charts are the same except i moved that fvx chart up a bit and drew a few arrows on the spy...as soon as we made a higher low on spy off that support and did the same in bonds i decided it was real good chance to get long...a break of that early trendline would have been confirmation that i should exit trade and wait for another test of the 82 area....also you will note xlf got bid pretty hard too which is important factor in this market...

will write a bit more later in regards to the overheated trin that also helped to factor into the decision...usually though if the market was to bust this resistance level we would have seen tnx fvx do a big dump...this time the dump came much earlier and they acted as an early warning system that risk would catch a bid