As this quickie nautical chart from Big Charts illustrates, we're inwards a two-week hit inwards the S&P 500 Index (SPY), alongside the value surface area (region of close concentrated book transacted) squarely betwixt 84 as well as 86. Note that today's pin is 84.95. The large number every 2nd nosotros showtime trading today as well as endeavor to exam recent highs is whether nosotros tin flame construct book at the upper halt of this hit as well as eventually constitute a novel value region. If not, we'd human face a reversion into the value surface area to a higher house as well as that 84.95 pivot. Note that, every 2nd of my posting this, we're trading close R1, testing the 4/22 highs. How that exam fares volition fix the day's trade.
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