Nice day for bulls as they finally were able close SPY over that downtrend line and physiological 200 mark. Next resistance at 203, 204 and 206. At the same time, market getting a bit overbought so a fade is also a possibility. Gap to 195.40 still …
Trade Report Video: https://youtu.be/mdge7k-Hrrk SPY stalled yesterday at the gap fill/50 day ma resistance levels. A pullback is expected here, however if price clears this level we become more bullish. If we do pullback the open gap at SPY 195 is in play. That is why I added two short positions yesterday. EWZ stalled at its …