**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many more charts and setups.
“There are no traffic jams along the extra mile.” ~Roger Staubach
What an insane end to the week.
Markets just could not be stopped.
I look back now and don’t really understand how I missed it but I did and all I can really chalk it up to is over-thinking and just not believing the action.
We should see a pretty quiet week ahead with all the holiday festivities and markets at resistance areas so I’ll take it easy when I can to come back very refreshed in the New Year.
That said, if there is something worth trading, I will.
The Thursday bar is not real. It never went that high and should have been corrected on this chart by now, but it hasn’t.
Resistance is here at 207.50 and it would be nice to see this chart tighten up for the short holiday week ahead.
We really need to see this chart tighter after such wide and loose action.
I’m really not expecting much or to do much in the week ahead and that would be a nice much needed break.
If I don’t say much for a week, enjoy it because I’ll be back in full force in 2015.