Thus far the SPY is breaking some pretty serious support levels, the next test is at $113.50, I'd think we'd see at least a bounce around that level, but volume is increasing unlike other pullbacks.
It looks like the Inventories report wasn't bullish by looking at the price reaction. There is 1 positive divergence, if you take the trade, simply lower your risk on it, and keep a trailing stop on it. If you enter it, email me for the stop-whichever derivative you use.
5 years ago
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