Speech, Speech, Speech

“Be so good they can’t ignore you.”  Steve Martin

Pretty quiet and choppy action still as we await the Janet Yellen speech tomorrow from Jackson Hole, the rocking ski resort.

I’m not interested in any buys, or sells for that matter, until we see how markets digest Friday's speech, so there is a lack of topics to really talk about.

We are seeing support areas being tested the past couple of days, which isn’t that fun, but it is a part of the trading game.

(Click on image to enlarge)

August 26, 2016

SPY is holding the lower support area at 217.50 or so, so I’m holding on in anticipation of tomorrow's speech contents.

I’ve got a 10% weighting from 202 still with 217.50 my stop area on a closing basis.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

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