10:05 a.m. New York time
The Elliott wave analysis in theSPY chart of posted Tuesday continues to stand. SPY this morning is trading within yesterday’s range. Absent surprises from the Federal Open Market Committee meeting announcement at 2 p.m. New York time, I anticipate no trades today.
By Tim Bovee, Portland, Oregon, Aug. 1, 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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