Debate Rally

**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.**

“A great trader is like a great athlete. You have to have natural skills, but you have to train yourself how to use them.” Marty Schwartz

Friday saw some weakness to finish off the week, but we’ve got another round of the presidential debate taking place Sunday evening that is sure to be a wild one.

We also saw a weak day before the first presidential debate only to see a very strong reaction afterwards and I’m looking for the same strength to come back Monday.

Gold is holding the 200 day moving average area well and this will likely be seen as the best dip buy chance in this bull market to date.

october-10-2016We’re still stuck in this triangle and if all goes well, we will breakout higher Monday.

Have an awesome weekend.

Warren

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