That was an extremely impressive close. The SPY is at new all-time highs and while the V-ramp into new highs from the recent lows was not expected or probably as we all know under our new regime it very well was possible. That possibility is now a reality. Are we overbought? Yep. We have been the past three sessions. It has not mattered. What this does for me, now, is set us up for the possibility that we do have a pullback/consolidation and that consolidation leads to some amazing setups. I already see a lot out there and one I want to mention is that flat base forming in $APP on the weekly time frame. That is one of quite a few that I am seeing. It also sets us up for the 50 SMA dip, reclaim, and all-in methodology regarding my SPY and QQQ trade setups using the Ticketz indicator. That indicator still has to get above ZERO before this is a possibility for me but I am ready, willing, and able to execute the plan if it comes to fruition. Today was incredible and the video lesson will detail all the standouts from today’s session on my end. I do have one new swing signal but it is a low-priced speculative Biotech idea and has no place in this section. Platinum members can find it on the proper watchlist page. Have a wonderful rest of your evening. Happy trading. Aloha.
New Swing Positions: None.
None.
Sells (% return on an EOD basis):
50%: ACM (-1%).
100%: None.
