Turn Of Events

**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 Trade Ideas to see the rest of this letter.**

“Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.” —Greg Anderson

More quiet action for the most part.

AAPL has been weighing down the Nasdaq a bit and had a gap fill and bottom bar Friday so if it does play out and move higher that should help the Nasdaq take a leading role, which would be great.

I also noticed a failed breakdown in BIB so we may get some solid moves in that space as well in the not too distant future.

SPY is holding above all trend-lines and from what I see, just bidding its time before moving higher.

Continued slow action is fine for now but we do need to see a new high late in the week to come or the risk of seeing a correction increases.

Markets and stocks should make new highs every 12 or 13 days in a healthy market.

Have a great weekend.

Warren Bevan

3 thoughts on “Turn Of Events

  1. Warren I am going to miss your blurbs. I really like your quick to the point analysis coupled with a bit of your personal life. Are you going to keep any type of posting active in the future?

    • Yes, I’ll post blogs when I see important turns or whatnot and also I’ll continue to post on twitter @iTraderz so please follow my posts there.
      Thank you
      Warren Bevan

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