Slow grind up continues in the market after SPY defended a year long trend line.
SPY back to the “V” shape grind up move over 20 MA as I wrote on the last post. Intra day trading remains actionable in both long and short as long you don’t sell the low and buy the high. After 4 days of run market sure could use some basing and churn as volume really drying up and expected to stay this way ahead of long Memorial weekend .
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