A little mixed on SPY...

15 May 2022

I see arguments both ways at this point for it. I am hanging back. I looked and in the last 4 weeks I have had my best month in years in the market so I am in no hurry to jump right in till there is more clarity. A break above and I can see 415/ 416 on its way... I will hang back and let the market show me its cards on this one. Sometimes no position is a position. I like to see a clear plan and right now I am a little mixed. We get a re-test of last weeks low and I think I have to jump in long. Hanging on the side on this one till I see a clear plan.....

15 May 2022

Not

I will be looking for a potential double bottom... let's see...