So far markets have been dancing around yesterday’s low. Each time we’ve hit new highs in the S&P, we create a 3-5 day floor and then move higher. This stair step move has been intact since the December 20th Gap and Go. Today we broke below $131.36 SPY for a few seconds but did not get a 30-60 minute close below. Now we have popped back to $131.50-.60. The market needs to close on a daily…
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