Quiet Friday

**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.**

“Most misunderstandings in the world could be avoided if people would simply take the time to ask, ‘What else could this mean?’” Shannon L. Alder

While volume was heavy Friday, stocks didn’t move much.

Stocks and the indexes continue to look great for continued strength so that is how I’m playing it until the action and charts tell me otherwise.

I’m still and always just trying to keep it simple and follow the trend.

SPY is trying to break above its tight little bull flag now, or perhaps this is the start of very low angle upwards channel which is also bullish.

Time will tell.

Things seem very complacent right now which does make me nervous, but the charts look great so I’ve got to remain with an upward bias.

I hope you had a great weekend.

Warren Bevan