Strong Gap & Go Day For The S&P

**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 on the right to see the rest of this letter.**

“I’ve failed over and over and over again in my life and that is why I succeed.”  Michael Jordan

Another gap open that left me out.

I totally did miss hitting the low but the stars just weren’t aligned.

Sometimes you get them, sometimes you don’t.

We should now see some consolidation and this coming dip should be able to be bought.

SPY October 22, 2014After this huge run we do need some rest.

It’s nice to see the low is now most likely in and now I’m waiting for some good solid setups which could still take a couple weeks.

We’re on track to end the year strongly.

Have a great evening.

Warren

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