Nothing Doing As We Consolidate

**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.**

“You’ve got to get up every morning with determination if you’re going to go to bed with satisfaction.” –George Lorimer

A choppy start on low volume as we kick off the week.

Looks like we’re just consolidating to me but I’m watching very closely in case we do see accelerated selling and I have to get short.

I had to lock in small gains today in SCTY so I’ve just got my ABBV long left.

SPY April 26, 2016Support levels remain 207.50 and 205.

I’m not looking to do much until we get some convincing action either on the upside or downside.

Enjoy your evening.


One thought on “Nothing Doing As We Consolidate

  1. Apple has always been a software company and not a hardware company. Still far superior than the Microsoft offerings. So Apple has had its day? I think not!

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