Trading has been extremely active today. The SPY took a big hit today, down about 25 handles, and the market is in utter sell-off mode. The Dow is down about 200 points. We’ve even hit the 61.8% retracement. We took out the fed lows in the SPY, and it has just been a momentum trade ever since.The first area of support to watch in the SPY is at about the $132.50 and possibly even a bit…
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