11:55 a.m. New York time

My chart analysis of SPY, posted yesterday, proved to be accurate. SPY has reversed to the upside in the 2nd wave of the Minuscule degree {-4}. I anticipate no trades today as I wait for that 2nd wave to work its way through.

By Tim Bovee, Portland, Oregon, Aug. 16, 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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Based on a work at www.timbovee.com.L