Rally Caps

**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.**

“I’ve failed over and over and over again in my life and that is why I succeed.”  Michael Jordan

Friday was nothing to write home about but breakouts still look great and we should now continue to rally through the fall.

I was looking for a weak market into fall but it’s not here, so I adjust and just react instead of sticking to my “prediction”.

That’s why I try not to predict, rather, react to the action.

It is, what it is, as they say, not what you want it to be.

september-26-2016SPY backed away on Friday but let’s see what Monday brings.

This market looks strong and I am quite heavy into stocks already after several buys.

The week ahead looks to be a fun one, enjoy!

Warren

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