Constructively Basing

**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 successful people and very successful people is that very successful people say no to almost everything. You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.” – Warren Buffett

Some solid action today that is building out charts to have a more constructive look by the day now.

I don’t know when, but we do look to be setting up for higher, perhaps near weeks end, and perhaps this isn’t going to turn into a bear market after-all.

SPY February 2, 2016SPY is basing well between 195 and 190 with a break above 195 the buy level now.

Enjoy your evening.


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