Trade Bots look to be hard at work defending the SPY’s 500-Minute EMA. I wonder if, in the day’s ahead, yesterday’s fast break on the Bove/ Wells Fargo downgrade may embolden bears once more after this preternatural run-up. Nevertheless, I still see a good chance based on internals stabilization of a break higher just now to the Pivot ($108.75) with the 5-DMA ($109.15) providing next resistance should price action really get motivated.
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