The Silence Of September

**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.**

“Pain plus reflection equals progress.” Ray Dalio

Pretty quiet action still as is normal in September but charts are holding very nicely and looking setup for higher, as I’ve been saying, and will continue to, until things change.

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just be trading which I really enjoy.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

SPY looks fine.
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.

Enjoy your evening.

Warren Bevan

Fed News Wednesday

**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.**

“Your life does not get better by chance. It gets better by change.” —Anonymous

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just a full time trader which is easier than ever to do from the road, or in general, without having the distraction and time devotion needed to write so often.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

September continues to be slow as we await Fed new Wednesday, where we are most likely to see no rate increase but we should see a timeline for their asset reduction to begin.

Fine but slow action from SPY.

We may get some volatility Wednesday afternoon on Fed news but time will tell.

This is normal for action to be quiet for the next month or so, so enjoy time away from the screens if you so choose.

Have a nice night.

Warren

Window Dressing Looks To Be Over

**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.**

“It’s okay to dream big; invest in the longterm.” – Warren Buffett

I’m seeing more failed breakouts now and reducing positions as they tell me to.

We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for.

I also want to announce my retirement from the newsletter business the end of September.

It’s been a fun ride but with so many much fancier and flashy choices to choose from today it’s just not worth my time.

I’ll still write the odd time when I see major things, but I’ll have no deadlines or a need to send out trades all the time, even if it’s not the right time, any longer.

Basically, it’s retirement but I’ll always trade and follow markets and write for pleasure.

More on that as the month progresses.

On that note though, please do follow me on twitter @iTraderz where I’ll be most active regarding life and trading.

A failed SPY breakout is typical as we move into September.

And this baby of a base will be a real humdinger if it is given 6 or so weeks to complete.

Fingers crossed but we may have a great end to 2017.

Enjoy your evening.

Warren