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Assessment: Some selling yesterday that was on above average volume. Market very boring to trade though as we were at $560 in SPY on August 19th…and we are only 8 points up about a month and a half later. We did get a little sell-off but nothing exciting. Typically we get weak seasonality this time of the year, but nothing yet. Maybe yesterday’s action was the canary in the coal mine.
SPY Chart: https://sblk.io/s/KRX4tgUNsxIwF76
Good luck in your trades!