SPY $500 In Sight
The news is light and this psychological level will act as a magnet. Day trade from the long side, but keep your swing trades light. The market is due to compress or dip.
PRE-OPEN MARKET COMMENTS THURSDAY – The SPY is within striking distance of $500 and it wants to go there. The news is light so there is nothing to stand in the way. That is a psychological resistance level and after a big rally the market is due for a pause.
Daily Bulletin Continues...