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Assessment: Earnings season is so far helping bulls defend SPY $500. We handsome volatility yesterday with the Meta earnings, but then the market shook that off. When the market easily shakes off some bad news it tends to mean the bulls are back in town. We will see what they do today. We are approaching the “sell in May and go away”, so we could see action this morning and then things be dead in the afternoon.
Good luck in your trades!