After a lower opening yesterday SPY recovered nicely to close up 1.30%.
SPY has been moving sideways in a broad range 300-320.
ES futures are perking up +45 handles as of now suggesting a strong SPY open.
Pre-market SPY is indicated to open at 322.96.
Will it be gap and go and leave the range behind.
The move from the range can be explosive as sideways movement has digested earlier weekly gains.
Now poised to move with force as pent up energy gets released.
SPY has been moving sideways in a broad range 300-320.
ES futures are perking up +45 handles as of now suggesting a strong SPY open.
Pre-market SPY is indicated to open at 322.96.
Will it be gap and go and leave the range behind.
The move from the range can be explosive as sideways movement has digested earlier weekly gains.
Now poised to move with force as pent up energy gets released.