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Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/
Assessment: As expected, we get the gap fill to SPT $540. Now we are approaching the 50 day simple moving average which will likely be resistance. The setup is for selling to occur now that the gap is filled and due to the 50 day SMA resistance. At present, the Path Predictor Momentum table (on the FMA Dashboard…link above) still points DOWN with the technicals remaining in NEUTRAL but approaching OVERBOUGHT.
SPY Chart: https://sblk.io/s/xeygTgIgHACYh05
Let’s see what they do tomorrow!
Good luck in your trades!