Back by special request I have just finished a SPY Recap for Friday April 1st … Its a little different (and longer) since I tried to incorporate into it some discussion from the Live Chat Room to better illustrate what traders actually do on these trade set-ups.
I hope you enjoy it … it is posted as a PDF under the Recap tab of my blog so people can get a printable copy there. I know that there will be some haters out there complaining about the length but I actually have had some e-mails from readers of the SOH that liked the Recaps … so this post is for you. Others who are less interested in a recap of intraday trading in the SPY can probably just fast forward to the end and look at my higher time frame charts of the SPY.

One of their favorite trades is to invest in any and all US$ priced commodities … gold, silver, oil, grains etc. Trades never go on forever in straight lines however, and even if you believe in a thesis behind a "forever" declining US$ it pays to keep your eye on the short-term over-sold/over-bought nature of the US greenback.