SPY Update

It looks like there's still some intraday upside potential in the SPY although it's filled most of the gap.

Positive divergence around 10:40, right now the SPY is just shy of confirmation, but in a consolidation so there's certainly the possibility of some more upside potential here based on the chart right now. I'm still not seeing a high probability trade/reversal on the SPY and it certainly doesn't have the edge I'd want to go long either. This one is a wait and see which is what your advantage over Wall Street is all about, you don't have to trade unless you find a high probability trade. Make sure you use that advantage and don't get caught up in the excitement of the "game". There's a difference between a good poker player and a gambler and that is odds and knowing when to press and when to back off.