Good morning traders. Big gap up in the market has us opening firmly above the previous week’s range in the market. We are now just a point in the SPY shy of the 52 week highs at 122.12 which should act like a magnet. Until this market shows us otherwise there is no point looking on the short side except in specific stocks in play. If the morning gap is held I will look to be long with an initial target of 122.
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SPY Levels
122
121
119.95