Setting Up For Higher

**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 difference between a successful person and others is not lack of strength not a lack of knowledge but rather a lack of will.” – Vince Lombardi

Friday was solid with leading stocks continuing to move well and markets still setting up to move higher with more room to run on my oversold/overbought indicator.

All in all, things remain looking good as the bull market rolls forward.

SPY November 23, 2015SPY is still consolidating well under the 210 resistance area.
212.50 remains the above resistance area that is posing the major problem and I’ll reassess my positions as we trade there.

I don’t know if we will consolidate and then breakout higher or if we will see another correction but I’d prefer a breakout higher to finish this year off strongly.

Time will tell.

Have a superb weekend.


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