**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.**
“If you want to make your dreams come true, the first thing you have to do is wake up” – J.M. Power
Very quiet action, meaning, there is no action.
The trend does remain higher but bases need to be built as stocks build the strength to continue higher so no rush.
It will happen when it happens and we will be ready.
Earnings season really gets going on the 19th so we may have to wait until then to get some better moves.
Being summer now, that is fine and dandy by me!
A move either way should be good for a trade.
Enjoy the summer days.