SPY 20 MA hold on Thursday , followed by small follow through rally on Friday.
SPY support now 235.74 ,needs to hold 20 MA and build over it for continued strength. Biggest negative continues to be narrow leadership stocks and sectors as market breadth( Number of advancing stocks vs. number of declining stocks) is not improving. Hopefully after the FOMC rate decision next week, market will find a direction. Found quiet a few setup for Monday. lease pick the ones that you like and understand,successful rate will be higher if you understand the trade.
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