SPY Bounce Today, Can We Clear Resistance Next?
Nice bounce off the psychological 200MA today as expected. If this buying momentum can continue, I would like to see this clear 265-266 and then hold it as support. If instead this acts as resistance then we may get some more selling. How low will the selling be? I would have to wait until it happens to gauge the next move.
Remember, charts are still quite damage and I need some more data points to get a better picture. :)
Remember, charts are still quite damage and I need some more data points to get a better picture. :)
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