Chart of the S&P 500 ETF, SPY. Chart is from
Tradingview.com, although the annotations are mine. Is this a new trading range in the making? We've bounced several times off of that lower support zone now. I'd also note that we're basically trading at the same point we were back in November. So far it seems like we are holding to our theory that we're basically consolidating last year's gains.
I will be headed out later in the week to a funeral. I will post tomorrow and that is it for this week.
Long ETFs related to the S&P 500 in client and personal accounts. Short S&P 500 in a personal account as part of a separate individual strategy.
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