**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.**

“I believe that the only courage anybody ever needs is the courage to follow your own dreams.” –Oprah Winfrey

I saw some stocks try to move lower today but they aren’t really releasing, nor are markets.

I shorted SPY (SPY) today with a 10% weighting at 200 and it started to work but then didn’t so I took a tiny loss, covering my shorts at 200.05.

It’s overdue for a little correction and was worth a shot but it didn’t work so I didn’t stick around and we ended up closing the day with a very powerful and rare pattern now being printed in the SPY ETF.

I have to reserve this pattern for subscribers though, although you can find out more on how to become one here.

As overbought as we remain, we have a beauty rare pattern I’ll mention to subscribers only in the SPY ETF that points to higher right away.

I’ll end the free blog portion here and delve into the rare pattern with members.