S&P traded into Friday’s gap briefly and held. Some traders looking for long entries were able to get a new point of reference this morning with the SPY low at 125.57. The Dow is down 25 points and we were up 350 in the last two sessions, so you have to keep things in perspective. I would think for short term bullish composure to remain intact we would not break and close below $124 on the…
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