S&P’s are in a very narrow range in the first 45 minutes or so of trading. The SPY micro low to trade against is the morning low of $137.84. Under that is the 50day moving average at $137.16. The morning high is $138.27, above this we will see how much of the gap we fill (if it tries). I’m not seeing much leadership from the usual suspects. They are not falling apart, but I only…
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