Market in consolidation mode after rally.
SPY first support 8 EMA, 237 followed by 50 MA, 236 area and resistance at 238.93.There are some concerning signs. Small cap IWM showing relative weakness and two big leadership tech stocks AMZN and GOOG faded after good earning news and lack of participation from market after good earning news. Both now have ugly daily candles and if follows through , might drag overall market down.
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