Live: Wednesday, May 9, 2018

5/9 – 3:10 p.m. New York time

No trades today. SPY has peaked so far at 269.97. A move above 271.30, the April 18 high, could cause me to rethink my Elliott wave analysis.

5/9 – 10:25 a.m. New York time

SPY continues its non-trending sideways correction within the frame of a larger downtrend. No trade in sight this morning.

By Tim Bovee, Portland, Oregon, May 9, 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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