|Simple Trading Ideas||
As I noted yersterday SPY found short-term support and nicely advenced today. The chart below shows the daily chart for SPY today. There is certain weakness on the chart. One of them is that MACD is still below the signal line and the other one is that CCI and its 10 period MA are both below 0. If SPY continues to move up next week my upside target would be close to the upper Bollinger Band.