SPY short term support is Thursday’s low, holding for now with 50 MA resistance.
SPY 243.70 needs to hold for now and get back over 50 MA for bulls to get some footings.
Small cap index IWM found support at 200 MA as expected .Do or die spot. TNA is the leverage ETF if you are interested in trading this. Watch list names SHOP, AAOI, gave decent bounce trades. Both holding support , breaks support could fade again. Bias is bearish until SPY gets back over 50 MA.
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