insyyte

Broke above resistance with no conviction

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
$SPY closed up +1.7% but the bullish day was marred by US tweets re China.
$SPY managed to close unconvincingly above resistance at 296.
$ES futures are pointing to a down open which will drop $SPY back again in the range.
So range bound trading continues.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.