I don't trade SPY. I am in QQQ however. But lots of charts are unfinished and showing more upside. My long positions I picked up Thursday morning are doing amazing and are not done with the upside. How does SPY react in the 440s... that should be the only question on peoples minds. Tomorrow is another up day...... We are holding steady and moving on up. There is no need to be bearish short term... none.
Note
A slow steady grind up all week are going to have a lot of people on edge over this upcoming weekend. If that is how this week goes, it's a pretty crappy thing for the market to do but that's the name of the game of the market I guess. It will be a very telling early next week then.
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