SPY is stuck on the lower range of price pattern and between 20 and 50 MA .
This 20 and 50 MA “Tween” area usually is a chop zone so make sure to take your gains quickly as long we are stuck in this range. Spy has resistance now at 198.30 and support at 196. A break below that 196 has room to test 100 MA and trend line 195/194.50 area.
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Check out some of the setups members were trading today in the chat room.
