More Great 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.**

“Only put off until tomorrow what you are willing to die having left undone.” –Pablo Picasso

Not a bad day in the wake of a round of cowardly terror acts in Brussels this morning.

My thoughts go out to those affected as always.

My travel plans have changed so tomorrow there will most likely not be a free blog or letter.

Stocks continue to really setup well and there are just too many to buy in the weeks ahead so I’m focusing on the best of the best, as always.

2016 is shaping up to be an amazing year in the end, so far at least, and that can always change and I will change if the action dictates.

SPY March 23, 2016Nice action from SPY as it rests nicely below the 207.50 resistance area so far which tells me this consolidation may well be what we need to build the steam to bust back into new all-time highs, but time will tell.

So far so good and no sign of rolling lower yet.

Have an enjoyable evening.


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