**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.**
“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great makes you feel that you, too, can become great.” – Mark Twain
Good action for stocks as we continue to look for higher prices into about mid-week if all goes well.
We’re back to neutral in terms of overbought and oversold so we have more to run in this bounce.
I’ve still got 10% into SPY at 185.77 and I’ll move stops up to the 189.70 and 188.80 areas now.
Enjoy the rest of your weekend and some great football today.