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SPDR S&P 500 ETF TRUST

SPY 12/29/17

By charlie12
Updated
Getting ready for the day. Here is a quick post of what I'm looking at for 12/29/17.
Note
Wow what a move pre-market. No worries, watch for the gap and trap and these levels are now our backtest supports.

Happy trading,
Charles
Note
Today was awesome. I honestly grabbed a few nice trades but missed most of it because I had some stuff come up. But as a trader (and mostly a giant dork) situations like this are fascinating. It should remind you that there are sharks in the water and we are not the sharks. The suckers got set-up and the traders ride the coattails. This is a great example of why you never try to predict what WILL happen, you're tilting the odds in your favor. When the situation changes, and it's always changing, you have to step back-wait for direction-and solve the puzzles to tilt the odds back in your favor.

Happy New Year
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis
charlie12

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