Flat day in the market but no sign of weakness yet.
SPY trending up. Could really use a test of 8 EMA and some basing.
Nasdaq “V” shape grind up continues. This type of grind move up tends to make individual stocks, move slow and choppy. Could sure use some rest to gain some energy.
Trading action remains good but getting a bit choppy. Extended market making players a bit edgy. Again a little rest could do wonders for active trading. Biotech names saw some money rotation from technology.Biotech only momentum sector that hasn’t broken out yet Will be watching to see if bio continues while tech names rest.
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