$SPY chop for this week
Looking at the S&P 500, it looks like it broke resistance but that doesn't give me hope. Not yet at least. I need more out the S&P 500 before I decide to jump back in, but I do like where the market is heading. This was a nice break from are usual broadcast of the market constantly breaking new ATH's without looking back. Netflix going up 10%+ along with the rest of the FAANGs being green today, does not scream green week, but tons of chop as most market buyers are scared to deep dive into the market with high covid cases, new lockdowns overseas, and Ukraine and Russia possibly heading into war.
Conclusion: Chop for the rest of this week
Conclusion: Chop for the rest of this week
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