Stocks Continue To Labour Higher

**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.**

“If you don’t have time to do it right, when will you have time to do it over?”  John Wooden

A solid Friday for stocks who closed the week strong and are still setup for a breakout higher.

Sometimes the hardest thing to do is sit tight, once you’ve bought right, but letting stocks setup and continue higher is how you make the most returns.

September 6, 2016SPY closed strongly Thursday, and Friday showed strength Friday, keeping us in the horizon channel and still showing a bullish chart.

So, we wait.

I’ve still got a 10% weighting from 202 with an eye on the 217.50 area for my stop on a closing basis.

I hope you’re enjoying your long weekend.


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