SPDR S&P 500 (NYSE:SPY)
“Bring your desires down to your present means. Increase them only when your increased means permit.” Aristotle
A great week of travel and music and stock action as we consolidated very well all week, and then Friday saw stocks begin to move higher again, which really makes the weekly charts look great.
Stocks are looking and acting very good so far, as we see the best action we’ve seen since late 2014.
While we aren’t really breaking out yet, we are seeing action play out how it should in a strong market, so I do hope to see it continue.
Super action out of the V pattern and on increasing volume.
We rested well and now are moving higher.
I still have a 10% weighting in SPY from 202 and I can now bump stops up to the 210 area.