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longs are grilling steak this labor day

$SPY we had some nice digestion this week after an explosive two weeks to new highs and after all was said and done the bulls managed to close us on the highs going into the holiday shortened week. This weeks action proved healthy as the market reconfirmed that buyers are still in control here eager to buy dips. Our pattern of higher lows and higher…

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mid week market update & trade setups

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clear sailing to close out the summer

$SPY so in last week’s recap, I suggested waiting for breakout confirmation of the 194.40 – 196.60 range before adopting any directional bias one way or the other. Luckily for us it didn’t take more than Monday morning’s action which started with a gap up right into 196.60 resistance which soon was taken out as the day progressed. For the…

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