**These are my thoughts on the ARCA:SPY ETF in my Daily Trade Ideas, which includes many, many more charts and setups.**
“You must have long-range goals to keep you from being frustrated by short-range failures.” Charles C. Noble
Chop and more chop, with large gaps in not anything I am interested in.
I’m back to all cash now after selling out of NASDAQ:AAPL at 116 from at 115.20 entry, so nothing to write home about, but better than letting it run into a loss.
I was hoping to hold it for a long-term trade, but it didn’t let me so, next!
Cash and sun are my poison until stocks setup better.
SPY fell hard then recovered, but all in all, it’s nothing but chop, and there is nothing we can do about it.