$SPY Moves Higher as Long Bias Holds Firm
$SPDR S&P 500 ETF Trust(SPY)$ is ripping right through that smart money zone.
In the article I said I didn’t trust this move and was cautious, but I also said we weren’t buying puts.
The fund stayed fully long. We stuck to the system.
Monthly BX is increasing again.
That is constructive, but we need to wait until the end of April to confirm the next 6–12 month bull cycle.
This is why we follow the plan and keep trading long, even while staying objective about potential sell offs.
We didn’t short. We didn’t overreact. Now we are being rewarded for that discipline.
I’m hoping this was the bottom, but hope is not a plan. We will see how the month closes.
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