Nov 22

My 60-min Trend System issued a buy signal. See here and here. (These updates are sent out as part of my Trend System Notifications).

I am not terribly happy with the rest of the day since that signal however. Leading up to the low today, we had a small divergence (Monday) which developed into a significant divergence today. And by 1 pm it was enough to turn my main indicator. But then instead of following through to the upside, the SPY retreated back into the range. That is not particularly compelling.

I need to see a reason why I should stay in the position tomorrow morning, or I might just cut my losses before I am unavailable on Friday.