Most $SPY gains were made yesterday before the day session began. During day trading, $SPY gains were limited and traders took profit at the close.
We have seen this movie before.
$ES futures are down 0.42% as of now. European car sales fell 76% from a year earlier in April.
Powell and Mnuchin will testify before the Senate banking commitee today so a positive tone in the early going can be expected.
The range in chart persists.
A test of rising 20DMA and then a rebound will be bullish.
Expecting a strong directional move when the price moves out of the range convincingly.
We have seen this movie before.
$ES futures are down 0.42% as of now. European car sales fell 76% from a year earlier in April.
Powell and Mnuchin will testify before the Senate banking commitee today so a positive tone in the early going can be expected.
The range in chart persists.
A test of rising 20DMA and then a rebound will be bullish.
Expecting a strong directional move when the price moves out of the range convincingly.