The SPDR S&P 500 ETF (SPY) was as high as $130.88 pre-market, but it was a classic case of buy the rumor after the Greek austerity deal passing became official. SPY it traded as low as $129.70 before rallying. It was a nice short the open for a trade, although I am still short some SPY. Several groups have provided the impetus for this market to hold itself together. The banks have been…
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