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Narrow range day

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY closed up 0.7% yesterday.

With most of the gains from gap open.

Yesterday was a narrow range day (NR7).

Such days are compression days and energy release can be quiet explosive in either direction.

ES futes are down about 13 handles and suggesting SPY open down about 0.4%.

Support is at 320.50.

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