S&P500 RANGE UNCERTAINTY|ANALYSIS
SPY HAS BROKEN THE SUPPORT AND IS STUCK IN A RANGE
(1) The direction of the breakout will decide if SPY "brakes it or make it"
(2) If SPY starts falling it will signal the end of the marvelous rally,
and will mark us entering the recession.
(3) So far it looks bullish within the range. Daytrading the range is a great strategy.
But if you decide to trade overnight- use options instead as a hedge against gaps!
(4) Today is Friday, so if the bullish momentum proves itself SPY will close near the range resistance.
One might consider a long after the mkt opening.
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