SPY closed up 0.76% yesterday after a wicked 30 handle liquidation break in one 30 min late morning trade.
That's how the institutions scoop up shares.
SPY is stuck in a box for past 22 trading days with support at 294 and resistance at 323.
Volatility has come down.
Squeeze mom indicator is gradually trending up.
Support is seen in 306-311 zone.
At present SPY is digesting the big gains from Mar 23.
Looks like it SPY wants to head higher per TA.
ES futures have trades listlessly in the ON session with a slightly bearish bias.
ES futures are down -5 handles as of now.
That's how the institutions scoop up shares.
SPY is stuck in a box for past 22 trading days with support at 294 and resistance at 323.
Volatility has come down.
Squeeze mom indicator is gradually trending up.
Support is seen in 306-311 zone.
At present SPY is digesting the big gains from Mar 23.
Looks like it SPY wants to head higher per TA.
ES futures have trades listlessly in the ON session with a slightly bearish bias.
ES futures are down -5 handles as of now.