SPY stopped on previous support turned resistance,245.62.Couple of inside day after Tuesday’s rally.SPY closed below 50 MA, however,traders are waiting for FOMC speech on Friday to see any hints about future interest hikes. Expecting some movements on that news.
Even though indices not doing much, it is nice to see strength in individual stocks,sectors. Watch list names, SHOP, TSLA, NVDA gave some decent trades. So will be focusing more on individual stocks as long indices churns around.
There will be no blog until after labor day. Time for some well deserved break. Trade them well!
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