Go Pats!!!

**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.**

“The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.” — Mark Twain

Well, not much to say except stocks continue to base so day-trading and trading small and carefully is key until we see stocks begin to act better and it’s only a matter of time until they do so surviving until then is key.

And also, go Pats!!!

SPY February 2, 2015SPY is near done building the right shoulder of this possible head and shoulders pattern now which would take us down to 289 to fill the gap from back in October.

A break of 199 is the short level but tight stops are key in case it doesn’t work.

Enjoy the game!


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