Steversteves

SPY: Updated thoughts

Steversteves Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Just an update on what I am seeing/playing as the week kicks off having realized the targets.


As always, let me know your comments/questions below!

Please note, this is not advice, these are just my thoughts.
This week is going to be a rough week with the news catalysts, etc.
Keep your trades small and scaled back this week (this is actual advice haha).

Safe trades everyone!

EDIT

I forgot to add, my long position, stop out is if SPY breaks the 400 support. In which case, I will not be swinging anything for the remainder of the week and keeping it at day trades only.
Trade closed: stop reached:
Nice juicy stop out on my 50 shares. I forgot how fast losses on shares add up :-/.

Yeah this is bad. SPY lost 400 support which means that .... I am eyeing 395 at this point, but we will see what happens. No swinging on the table for me for the remainder of the week though.

Safe traded everyone!

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