Gap Off Lows

**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.**

“Stay committed to your decisions, but stay flexible in your approach.”  Anthony Robbins

A strong start to the week that began with a big gap open so I didn’t take any trades today.

I’ve only got some AAPL from the 115 area and I’m looking to hold it for a long-term hold, if it allows.

The markets continue to chop around this summer in great action and bases continue to form but there aren’t many good ones out there right now.

SPY August 11, 2015SPY had a large day on low volume so it’s nothing to get too excited about.

Resistance sits at 211 still and above, the 213 area.

Support is 209 and 208.

Have a wonderful evening.

Warren

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