4/25 – 3:05 p.m. New York time
No trades today. Little change in the chart from this morning.
4/25 – 11:05 a.m. New York time
SPY continues its decline, continuing the trend that began after the April 18 peak. My chart analysis of Tuesday remains valid. The Fisher Transform this morning still signals a downtrend. So at this point I see no need for action on my two bear positions on SPY, which I analyzed here and here.
By Tim Bovee, Portland, Oregon April 25, 2018
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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