SPDR S&P 500 (SPY)

[NetNeutral]

Tail of TWO Indices, But Wait, deeze Indices look like day bee about to join forces and find a way to RUN together, well, once again??

DOW completed day 8 of a Downtrend Triggered on 1/9, just one trading day after it hit 20000!!

SPY completed day 11 of a Uptrend triggered on 1/5 and confirmed on 1/6!

Dow and Spy's COTrend lines moved to 19869 and 226.49 as of Friday's close.

In addition, SPY triggered a BTDip signal on Thursday as it tagged 225.41, and DOW triggered a Buy Signal on Friday at the Close??

The Ridiculous 26 day consolidation has ReSet all the indicators and Opened the Door for a up move of meaning?? A move that could take the DOW and SPY to New AThighs and beyond??

We expect the DOW to confirm said Buy Signal and SPY to follow through on the BTDip signal triggered on 1/19??

We doubt SPY will be allowed to CLOSE below 225.41 B4 1/31 as da-Boyz paint yet another monthly Green Candle??


In summary, Looking like da-Boyz r gonna finish January off with a GREEN candle which will complete THREE Green Candle months in a row??

We go into Monday with the following Open positions and we LIKE IT !!!

1/27

227 calls, 0.70

2/17

220 puts, 1.00

Have a Great weekend ALL and rest up as we got a Great trading opportunity shaping up for next week!!