SPY a “Fake” breakdown at open but was quickly reversed.
Back in the recent range and below 50 MA. We don’t know if Thursday was “the” bottom but it is “a” bottom for now. A breach would leave room for 200 MA test. Tech leader names had a nice day. I wrote about “possibility for some “End of the quarter window dressings” buying” in tech leader names, and we had that today. Some nice trading opportunity via both long and shorts given the recent volatility. As i wrote before ,”Keeping open mind for all possibilities here”.
NOTE: There wouldn’t be a blog until after 4th of July holiday. Time for some R&R. Trade them well! Holiday week tends to be bullsih.
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