The market opened lower with a big move to the downside within the first 15 minutes. Since then it has been grinding higher most of the day. The low of the day in SPY is $132.60. As of now we are trading back above yesterday’s low of $133.38. Tactically, this is a potential Red Dog Reversal. If we close above where we are right now, it could relieve some of the downside pressure. This…
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