SPDR S&P 500 (SPY)

[NetNeutral]

SPY triggered a Buy Signal on 8/30, confirmed on 8/31, and signaled a COTrend with the Close of 247.84 on Friday! COTrend line moved to 244.83 as of the close o Friday.

We're now in Buy the Dips mode and will use weakness to add 247.50 9/8 calls??

We do NOT expect SPY to violate 246.60 this week but we do expect SPY to breach the ATHigh of 248.91 this week??

Hope everyone enjoyed their Labor Day Weekend!!

Good trades ALL...