**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.**
“Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill
Another fine week with next week giving the potential for a very strong move.
Some big companies are set to report and if numbers come in strong then we should have one of the best weeks of the year and it’s been a good year.
I’ve been wrong before but all sign point to go!
The SPY chart looks great.
With GOOGL, AMZN and lots of other leading stocks reporting in the coming week it could be a good one.
Enjoy your weekend and the strong market while it lasts.
**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.**
“You don’t have to have great ideas if you hear great ideas.” – Eugene Schwartz
There isn’t much to say as stocks continue to chop around on mixed earnings.
We’re seeing lots of failed breakout moves and some stocks are also nearing key support levels such as ACIA who has filled it’s massive gap from last earnings season.
I’m all cash and in wait and see mode but stocks such as ACIA may well setup for us over the next few weeks and as always, having the patience to wait for proper setups will pay, eventually.
SPY looks to be breaking this large head and shoulders top.
Next support level is 210 if we do break lower.
Have a spooky weekend!
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