$SPY - Reaching 2017 Levels
SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even trading the inverse ETFs like the TVIX, SQQQ, UVXY, TZA our hold times are much shorter. Inverse ETF bounces are getting bought up which gives us great opportunities to get in on support on TVIX when the market looks weak. Exciting holiday trading for sure!
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