StocksNCash

SPY Neutral with a Caveat!

BATS:SPY   SPDR S&P 500 ETF
147 0 0
So technically we are still neutral to bearish on the SPY             , however with the move at the end of the day and the volume that occurred, I see us bouncing and moving up higher tomorrow and ultimately continuing the bullish trend . We had support of a trend line , a support line and a 50 MA. All that being said, there is still the possibility that we retest and break support, but I don't think that is likely.
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