Today, the Market rallied on the Open and failed right above yesterday’s highs. SPY bounced off yesterday’s 111 support level and has been in a tight range for much of the day. The levels we are watching in the Close are SPY 111.60 for resistance and 111 for support. Below 111 we could see a move down to 110.50 and above 111.60 we could see a move back up to 112.

Our best idea into the Close is to look for further weakness in AMZN. We like the setup on the hourly chart. Possible entry point on the short at 142.80. Tgt: 141.80

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