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|1OStudies. Add key bars to your charts. They are very helpful. When you see one, stick with that direction. If the open from that key bar is breached, go the other way. Look at this relationship on charts that you...
|There was a bearish key bar for SPY at 1:50 yesterday. When the market rallied above the open of it that was bullish.
|The key bar prior to that was bullish. As long as those opens from the key bar are preserved, go with it. If they fail, reverse.
|Fist bar today is a bearish key bar. Favor the short side until we can rise above it
|Do you notice any other key bars on M5 charts for SPY in the last 20 days? What did the market do after that bar? Was the reversal of any use? Great traders would go back and test the variable.