Back in “The Box”

Stock investing is not always easy.  The last 3 years  gave a false sense of security that it was. It seemed like all that you had to do was throw a dart at a board and buy whatever it hit. This is reality, markets take the stairs up , the elevator down.

Yesterday I mentioned that $SPY had broken it’s trendline ( yes the downtrend) and I got my confirmation. As a day trader I did, I took it and then profited. But as a investor I woke up to the same thing that everyone else did, the $SPY did not hold and is now back in it’s previous 2 day range and now it’s a 3 day range.

What I find interesting is that the Trendline is holding the price, ( will only have one place, we haven’t moved the initial trendline ) . The price action today followed the trendline in a straight line..

Let the fun continue..

Invest wisely, live charitably and be well….Brother Bill

#stocks #stocktrading #stockinvesting #stockoptions #options $SPY