The Range Bound $SPY Chart 7/31/16
$SPY has settled into a trading range with $217.50 as resistance and $215.50 as support for the past 12 trading days. The market is in a long term uptrend as new all time highs continue to be broken. The intermediate term risk/reward ratio favors a pullback to $215.50 before higher prices are made. Secondary support […]
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