Often traders will see strong gaps hold and run. But not today, apparently not in this environment and Finnies are bringing price down. The trade down has been very technical (note the floor trader pivot level hits) and is retesting the fifty-day moving average here at the mid-day. Will key support hold the retest? Internals could be much worse as compared to the price action, but they are certainly deteriorating. I see next SPY support at $130.
Never Investment Advice
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