**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.**
“People will do almost anything to stay in their comfort zones. If you want to accomplish anything, get out of your comfort zone. Strive to increase order and discipline in your life. Discipline usually means doing the opposite of what you feel like doing.” – Kekich Credo #1
Lots more chop Friday as we enter a normally 6 to 8 week period of weakness.
Letting the charts really setup is great for a year end run.
I am seeing a few long bases that may begin to move soon while many stocks could use some rest.
There are also some shorts I’m looking at!
Basically, we should be back into a trading, not a trending market, so I’ll be swing trading again.
Rest is due and good.
Enjoy the last weekend of summer.