Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.
“Pain plus reflection equals progress.” Ray Dalio
Pretty quiet action still as is normal in September but charts are holding very nicely and looking setup for higher, as I’ve been saying, and will continue to, until things change.
SPY looks fine.
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.
I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business. I’ll be just be trading which I really enjoy. If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.
These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Daily Trade Ideas to see the rest of this letter.
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