**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 can never get momentum if you never get moving. If anything is going to stop you, don’t let it be the start.” – Martin Rooney
So the Fed didn’t change rates, with a unanimous vote, and that was to be expected with a Brexit seemingly more and more imminent.
All the talk and rhetoric was for naught in the end and markets remain choppy.
We’re very oversold right here so I am cautious taking any positions home overnight.
I’ve not done much this week other than a few day-trades for a some small gains and a few out at cost but nothing to write home about, just something to do these cloudy rainy gloomy days as stocks continue to chop around.
I really don’t know what to do with a bounce needed, but action very poor, so I do not much or nothing at all.
Have a nice evening.