SPY broke 20 and 50 MA support. Bounced 100 MA and now sitting on a no mans land between 50 MA and 100 MA.
Bulls wants too see SPY back over 50 MA. Bears would love a crack of 100 MA. Bearish bias until SPY over 50 MA. Even on this weak tape, watch list names SHOP, MOMO,BZUN had decent moves.So its worth watching stocks with strong relative strength.
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