Not the best action in the market after Wednesday’s huge breakout move.
SPY gave up the entire regular trading day’s gain from Wednesday.Very unusual given the recent strong action in market. If continues to weaken, next support is on gap fill 236. Bulls are still in control, few days of sideways action will create some new chart setups. Decent trading action continues as we have been playing long on strong sectors like bios and shorting earning news names for some nice gains.
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