I was all hopeful because it looked like SPY was going to be putting in a nice big green candle today. Later on though, with just a couple of hours to go, it looks to be struggling around that 404 mark.
I’m guessing that most likely we’ll turn down from here. Eventually, if we ever do make it back down to that 394 level, ad if we break down through it again, then we’ll “officially” be entering into a Bear Market.
Right now, I’m attempting to keep the portfolio balanced - 50/50 Bulls/Bears, but it’s been not so easy finding breakout Bull trades.
Today, I found two more Bear trades, go figure.
-Good Luck and Happy Trading!
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