**These were my thoughts on the SPY ETF to subscribers over the weekend in my Daily Trade Ideas which includes many, many more charts and setups”
We saw the $157.50 level hit to a tee Friday. It was only 3 pennies off before we saw a reversal.
Absolutely fantastic action in my books.
Now we see if we hold here.
Let’s dive right into the charts.
The SPY hit the $157.50 level I’ve been talking about perfectly today and bounced well off it. This could be a temporary low here and a move to the 50 day at $161.20 then possibly to $162.50 looks likely.
If you got the bounce at the level I talked about at $157.50 congrats.
Great action we’re seeing here.