Trend: Long (buy)
SPY close today: 117.35
Stop price: 112.22
401K: 50% long/ 50% cash
Potential mini head and shoulders (bearish) pattern. This would be nullified if the SPY closes above today’s high.
The trend line and trend remains in tact as of the close.
Note to new subscribers:
The 4 Minute Trader is structured to be 100% long (market direction up) using the SPY or 100% short (market direction down) using the SH.
We never know when the trend will end which is why we stick with it until it changes. With just one symbol you can be diversified and easily manage your own money in just 4 minutes per day.
Investing involves substantial risk and we make no guarantees. This blog and its posts are for educational and paper trading purposes only. If you are viewing this post and blog it is assumed that you have read and agreed to all disclaimers and terms provided by Anti Wall Street Guy and Pro Investor Coach, LLC.