Small red day for SPY but weakness in small cap index was noticeable, down 1.5%. Potential for SPY to follow.
SPY support is 8 EMA now. A break could see some volatility. It has been great trading Market trading both sides . Biotech names like LABU from watch list was on fire last couple of days! We have been playing long on strong sectors like bios and shorting earning news names for some nice gains.
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