Swing traders need a basket of "goto" setups that can be applied to different markets. Two of my favorite are the breakout-remount and the breakout failure. Mr. Market, aka SPY, offered us a little of both a few days ago with a remount that failed.
Notice in the chart above SPY has remounted the 50 dma, then two days later closed hard below it. Over at BullsonWallstreet, hat was our