SPY Thoughts January 8

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups**

”Time you enjoy wasting, was not wasted” John Lennon

A great bounce back today after markets were starting to show they wanted more of a correction Monday.

Dips are being bought so that has to remain my strategy until it stops working.

Got to love this action and hope it can continue for years to come!

Let’s look into the index charts to begin.

SPY January 8, 2014

SPY held support nicely and is setting up for higher by the looks of it now.

The buy point here is now $184.10 to $184.20.

I think I’ll continue to focus on stocks since they are moving much faster.

Enjoy the evening and Wednesday.

Warren

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