**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups**
“I always arrive late at the office, but I make up for it by leaving early.” Charles Lamb
A failure all around today as markets showed weakness after trying to move on low volume Monday.
We were stopped out early of half our stocks and the rest later on with only one exception that we still remain long.
We still need a bit of time to complete these bases but they are coming.
Let’s move directly into the charts.
Patience still is the order of the day while trying a few trades here and there.
We didn’t take much damage at all and locked in some gains and I’m trying to let our one positions, ITMN, run still but I won’t let it get back to cost if we begin to reverse.
There is no need to hope and pray in this market.
A bull market can save you but this market will just chop you up.
Getting out on any sniff of weakness remains key.
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Enjoy your evening and Wednesday and go HABS!!!!