**These are my thoughts on the SPY (NYSE:SPY) ETF in my Daily Trade Ideas**
One of the scariest things in our lives is actually doing what we know we want to do. -Cheryl Strayed
This market just can’t decide on a trend, and that’s fine.
Consolidation is great after a nice run higher as we’ve seen this year.
No real panic to get too heavy into stocks, but trading a few here and there can be fine, although I’ve not had a lot of luck the last couple weeks and have taken a few small losses as a result.
It happens in choppy markets.
The metals were acting just great to kick off Friday but closed weak which is a pity.
Let’s see how Monday goes but I may soon be out of my mining positions.
The theme is lots of chop for the moment as we take a break from the ongoing bull market.
A nice range here for SPY which means you can play the lower and upper levels until we break one way or the other, most likely higher.