Working Off Overbought & Setting Up For Higher Prices


“What’s the point of being alive if you don’t at least try to do something remarkable.” –Anonymous

Today was very choppy seeing the S&P gap nicely only to fade and fall nicely, only to recover and end the day near flat.

The action is great for basing and working off the very oversold conditions we had and we are so far shaping up for some good buys in the next week or two, finally.

Really great action from the SPY ETF as we setup for higher it looks like.

I’ll most likely be a buyer once we move past the 200 day average at 200.77 next week and I’ll be looking for the best stock setups then as well.

Have a nice night,

Warren

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