SPY Daily - One Level I’m Focusing On Right Now

[image] Dear Trader, You may have heard Steve Jobs’ famous saying - think different. I enjoy starting each trading day with my own saying - think simple. That’s why I founded the trade of the day for members. One trade. One stock. One time. This week I will continue to develop your education through new editions of SPY Daily. That starts with a foundation, so let’s get straight to it. With economic calendar events sidelined today in the observation of Columbus Day, I will be focused almost entirely on technical analysis with both my teaching and real money trading. Today’s daily chart as your chart of the day shows that SPY is trading just above its 100-day simple moving average line (yellow line below). [image] SPY Daily Chart Given, SPY is trading just above its 100-day simple moving average line, this means that is a support level as we approach the opening bell. A lesson many traders learn the hard way is that shorting right into a support level can be a risky game. Therefore, as long as SPY holds its 100-day simple moving average line support, I’ll be looking for SPY to trade to the upside as today’s trade of the day. When I say trade of the day, I’m referring to: - One trade - On one stock - At one time Every single day the stock market is open. In other words - you can have Christmas before Thanksgiving, which leads me to an exciting opportunity I’ve put together for you. You have the green light to access a personal session with a member of my VIP concierge team when you dial 410-775-8565… We’re not talking about a once-per-month trading system you can learn from. This is for serious people who want the chance to learn from serious value… but... I need you to call about this opportunity: 410-775-8565 Dedicated to your success, [image] Davis Martin DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at . 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