Day trading SPY – ETF traded like stock

Weekly Timing for trading SPY  watching for these tendencies.

Stock Profile on ETF

Most of stock and indices moving almost same way since few days. It’s why I’m referring to SPY.

However, it is important to leave some sector away.

Such as:

• Material
• Energy
• Consumer Staple
• Real Estate

Planning a day trade on $SPY

Since most of stock’s will have similar move as SPY,  I will show my expectation on SPY chart

Note: After such correction, I prefer to keep my position for short term. few hours to maximum 72 hours. Swing trading.g

This it’s the most simple scenario we could expect for trading SPY, however, if we go back to the double top, it’s better to sell it, and wait for another entry.

Thank you

KV