Change In Behavior?

**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.**

“One of the things I learned the hard way was that it doesn’t pay to get discouraged.” — Lucille Ball

A very quiet Friday which is a change in behaviour to what we’ve seen and I’m not sure if this is a good or bad sign yet.

It would be nice to switch things up and see strength early in the week but only time will tell.

For now, charts remain pointing to higher prices.

SPY March 2, 2015SPY is holding here but not moving yet.

Let’s see how Monday goes but if all is well we will head higher, otherwise I’ll be reducing positions.

I hope you had a great weekend.


Leave a Reply

Your email address will not be published.