**These are my thoughts on the ARCA:SPY ETF in my Daily Trade Ideas.**
“A person with a new idea is a crank until the idea succeeds.” Mark Twain
A weak day in the end, but support areas are holding and the move up for markets should continue a bit longer.
I’m just not keen on day-trading too much with nice weather around for now, and that’s about all we’ve gotten lately, with a few exceptions that can last up to 3 days perhaps.
SPY holding 209 and the 210 area is fine, and this is still on track to test 213, but this summer chop is just that.
Unless we see a breakout on heavy volume, I’ll remain in cash mostly with the odd trade here and there waiting for the go signal.