SPY so far holding support , mostly due to strength in energy and commodities names.
SPY needs to get over 20 MA along with a bounce in technology names. Technology names still in corrective phase. No real buyers in recent momentum IPO plays like HUYA, IQ. I am still watching them for a mean reversion bounce soon. Sector rotation into energy and commodities names, so I’ll be watching few commodities names as well.
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