$SPY wasn’t able to really break the 100MA @ 136.04, and is now pulling back hard, like if it wants to close that gap. When we opened today, I was expecting such a move, since a lot of people got sucked in the momentum, but forgot to look at the levels. I still believe that $SPY will test 134.89 level.
Here are some names to consider:
$CAT short under 82.78
$FCX short under 32.08
$HAL short under 32.17
$LULU short under 58.54
$UA short under 55.43
May you all have a good continuation of your day.
