$SPY Below 30 Week SMA

has not been below the 30 week SMA since May of 2020. Just a note to be cautious out there. Make sure to follow your plan if trading this market. For now, I'm over 90% cash and looking for day trades only, long or short on 5 and 15 minute charts (taking into account the daily and weekly too). This post is just an observation. No trading ideas.

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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