Markets pushed to new highs on the year and couldn’t build on that momentum. As of now, we are below that 1422 level–with highs at S&P 1424. The same level on the SPY was $142.40ish with the highs of the day at $143.09. This reversal action is creating a few “outside day” type candles. Today’s action shouldn’t cause any panic on a macro basis, it’s simply a cue for traders to clean up some…
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