**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 reason most people never reach their goals is that they don’t define them, or ever seriously consider them as believable or achievable. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them.” –Denis Waitley
We didn’t get far today but I did cover more of my shorts, leaving me now only with FB and TSLA short.
I’ve got buy levels and short levels ready to go, but which ones trigger my next trades only time will tell.
Honestly, I’m a bit flustered after getting spanked this week in my short positions so I’m not so sure I’ll be doing anything until Monday, after a few days of reflection and clearing my head…beer!
Chances are high that we reverse lower now since I’ve covered most of my shorts!
Sometimes I’m very in sync with markets, other times not so much.
It’s just part of the trading game.
Enjoy your evening, the rest of the weekend and your weekend.