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S&P 500 thread - SPY ETF

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  • S&P 500 thread - SPY ETF


    Below you see a daily chart of the S&P 500 index. The S&P is a trader index whereas the DOW and NASDAQ are looked at for more longterm ideas about the market. Since we are mainly traders here at Wall Street Forum we rely on the S&P.

    Markets are trading in a tight range between the 200 and 50 EMA as we wait to see if it will spring pop up and over the blue 200 line or drop. Our position in ZOOM (ZM) performed well this week and we secured a 6.3% profit in 24 hours! Keep an eye on the last two trading days of the week as they will be key in determining where we head next.

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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    College is here to read more about the college scam!

    Good KARMA and positive energy abound.

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