Weak over sold bounce attempt in the market after short term technical breakdown.
Market is in waiting mode for the result of health care bill. It’s not that the health care bill matter much but the outcome is a testimony of Trump’s ability to get the other deals, like Tax cut done. SPY still in bearish zone under both 9 and 20 MA with support at 233 and then at 50MA. Although, if market gets weak, I have a feeling it might not hold. If there is a bounce , it has some overhead resistance now at 237 area. Some decent day trading opportunity with watch list names , like GS, BLUE and CLVS. We are in hit and run trading mode, taking profit quickly. If the health care bill passes Friday, bulls might try push the market higher. If not, there should be some volatility.
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