Flat and range bound action in SPY , even though high beta technology names continue to stay week but sector rotation action to other sectors like energy , keeping SPY afloat.
Technology index QQQ under 50 MA and trying to defend the trend line. Needs to get above 50 MA to keep bulls some confidence.
Hit and run type of trading action out there. Expecting some volatility Wednesday as Trump will outline tax reform goals. Market has been expecting corporate friendly tax reforms so watch for reactions. on news.
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