$SPY finally made it above the 140.64 level after 3pm. let’s see if it can spike on the last 30 minutes and close above 141.12 so we set ourselves well before tomorrow and the speech that the Fed is preparing. As far as I know, the 3rd support in the $SPY was crucial today, and if you had some patience, one was able to jump in longs to do two things.
First was to take some gains as we run here at the end of the day, or one bought it so low, that they can carry the position overnight as we await for a good move comes tomorrow morning.
May you all have a good end of your day.
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Ryan Mallory analyzes one trader's swing trading strategy and whether there are any flaws or issues with his strategy.
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