**These are my thoughts on the SPY (NYSE:SPY) ETF in my Daily Trade Ideas**
For every minute you are angry you lose sixty seconds of happiness. -Ralph Waldo Emerson
I heard a stat that we’re about 45 days without a 1% move but what they don’t mention is that we are trending nicely higher.
I still see many calling for tops and the “need” for a large correction.
While this isn’t out of the question, this trend is grinding along nicely and there is no sign of a blowoff top at all.
Now, I could see this trend continuing until about May, with acceleration into the top.
That would most likely be the time the Fed raises rates and also the time traders say to “go away” for the summer.
All I know is the trend is strong and steady and not showing me a sign of stopping.
Trending higher is SPY, and that’s that.