The plan to play the SPY is to buy this Wave 4 dip in the 173-170 range. I do not want to be in this trade if we start breaking the 165 level so I have set my stop below that.
I think nearing the presidential elections takes us lower and markets get real choppy during this time so my entry will be planned and timed very well during this time.
Once a president is elected it is going to be a good day in America and the people staying out of the market because of its pre-election volatility and bearishness with begin to put money back into the market hitting our target.