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Long Over The Long Weekend: SPY Should Continue Higher

Published 09/03/2017, 02:00 AM
Updated 07/09/2023, 06:31 AM
SPY
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These are my thoughts on the SPY (NYSE: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.**

“I will only let you touch me if your hands are so full of intention that every brush of your palms feels like you’re writing a novel on my skin.” Azra

Seems traders took Friday off as we saw low volume and anemic action before start of the long weekend.

The action remains looking very positive.

Let’s enjoy the long weekend and see how trade resumes next week.

SPY Daily Chart

SPY couldn’t get past the 248 resistance level but let’s see what comes next week.

We should continue higher.

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