SPY Pointing Higher

Published 06/01/2017, 12:38 AM
Updated 07/09/2023, 06:31 AM
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“Fear is more crippling than the actual consequences.” Vince Vaughn

A wild start to the trading session today, or a covfefe as they call it in the White House.

Anyhow, by the close stocks were back near unchanged and looking great.

The closing price is always much more important than the open, and noise of the day.

Big institutions do their buying and tape painting into the close.

Gold had a solid day and continues to look higher while platinum and palladium have been on a tear this week so far, but are nearing some resistance levels.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) has a nice little bull flag built which points to higher anytime now.

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