bowtrix

My trading plan for the market open

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Hello friends. When the market opens on Monday I will only be looking for longs and no shorts at all. The reason I only want longs is because insider traders bought more then they sold on the 20th, which means we are likely to close higher.

Further, from an elliot wave perspective it appears as though we are starting to form an impulsive movement upwards, which is better to long than it is to short. I will try to scoop up the dips as we rise. Let's see.

Thanks for playing.

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