**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.**
“Face reality as it is, not as it was or as you wish it to be.” Jack Welch
They say 2 Fed officials pushed for a rate hike in the most recent meeting but I don’t think we are ready for another market upset, which is inevitable if rates are raised anytime soon.
Stocks were mixed to strong with ACIA continuing it’s winning ways with a strong pop late in the day.
We bought it not long ago at $38, so with only 1,000 shares you’d be up $77,000 already which is incredible.
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I’ve got 10% from 202 with 217.50 still a stop area and I’m trying my best to let this be on a closing basis.
Enjoy your night.