I think SPY has either a lot of room to go up after this last round of consolidation or it will lose support and drain out. I wouldn't bet against the SPY ETF or the American Economy so we must just keep up the march into the higher 300s. SPY has been showing strength here at these levels. Today we opened with a gap up into the 322 range after closing the previous session at 317. The last time we hit 325 we were rejected and spent two weeks retesting 300-305 range. I don't think that will happen again but the new phase of lockdowns has added more uncertainty to already uncertain times. Best of luck traders and go make money.
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