Range bound market action.
SPY is “sandwiched” between 20,50 and 100 MA. Support at 207.79 with resistance at 212. All chop in between. However within the range there are plenty action in individual stocks. You just have to be quick to book day trade gains or hold some mini swings. Slow summer trading market out there, not much action after first 90 minutes from open so be nimble and no over trading. Action should be dull Wednesday as well with FOMC announcement at 2 PM.
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