Decent rally in the market,after Monday’s “shake and bake” 50 MA break and a close back over 50 MA gave a nice follow through rally Tuesday.
SPY backed down 235.80, previous resistance zone but managed to close over 8 EMA. A follow through here should see 20 MA, 237 area where there should be next resistance. Support now is at 50 MA, 233.20.Some nice trading opportunity from watch list name.TSLA, big winner from 265 alert, stock triggered Monday and gapped up and hit 280 today ! AAOI, LITE also has some decent trading action.
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