SPY...Consolidation for now...Let's hope for a $290! Great New SPY is consolidating along the 1 FIB line. Minor correction is holding around the $280-278 range. We need to see this hold if we want to maintain an ongoing rally for stocks. If we do gun for $290 which was the previous ATH I predict the broader market will drop like a rock shortly after.
Sigh...its been a nice 3-month bull run :P Fingers crossed. Set tight stop losses on all your trades.
I'm expecting some GREEN tomorrow (3/21). Lets hope this pans out for my EA day trade.
Happy Hunting
Reg <3
