SPY is moving by the book.

162
SPY or the S&P had been trapped into a channel between 300 and 323.
Are we going to retreat back and retest the 200 MA around 300 or we will see a breakout soon?
All in the virus hands I guess, I feel the crowd is trying to convince themselves this corona thing is history.
But I mean how could one possibly ignore the current daily astonishing numbers.
Anyhow, Mr. Market is totally unpredictable.
Wise trading everyone.

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