Below is a 60-minute chart of the SPY from last week to today. After last week’s rally, a dip should be buyable on this pullback. The SPY is currently under the 25% retracement level of $125.14 but the SPY feels heavy today as a most stocks are in the red as of now. A more compelling level if $125 does not hold is the 38.2% retracement level of $124.24 which corresponds with the high…
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