Friday played out as expected. Trade ideas for Monday Aug 19, 2024

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Good morning traders!

Friday more or less played out the way I expected.

I’m going to take the day off from trading today so I wont be doing a review.

Overall I’d like to see back test of SPY 550 before going higher.

Overnight Action

SPY is dipping premarket after test 554. Overall the question is, is the rally exhausted or not. Will dips get bought again …