The high of the day in the S&P was 1343, SPY $134.56, pretty much re-testing the broken trendline. It didn’t have the strength to reach resistance #2 making it a bit painless to short the rally! The Housing and oil numbers helped to fuel move off highs. Now we are trading 1335 (SPY low of the day is $133.25) almost near last night’s lows. Another Summer…
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