Very Mixed Action For SPY

Published 05/03/2017, 12:34 AM
Updated 07/09/2023, 06:31 AM
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“Let the first impulse pass. Wait for the second.” Baltasar Gracian

The Fed is meeting and no rate increase is expected but you never know.

Silver has been weak while gold has held up a bit better.

Markets remain strong but on the back of only a few leaders so let’s see how things go over the next few days.

I’m still not really seeing a ton that excites me in this market as bases continue to build out.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) is holding fast near the 239 breakout area so it should go higher but I am a bit skeptical with so many charts still needing some time.

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