Basing action for indices.
SPY holding uptrend line so far. A break below, next support is on 8 EMA. Action was a bit choppy on Thursday. Overbought market without any pause tends to get choppier. So wait for good intraday setup before entering day trades. SPY hasn’t had a test of short term moving averages in a while, ideally a pull back or some type of flag/basing action would do wonder to crate some new hot setups.
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