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| SPY Daily Chart (11:45AM) |
Looks like the box is tougher to break out of than some thought. After sticking its nose up to R1 (134.57) the SPY quickly retreated back inside. If it can't close above it today what news can push it back up later this week? It won't be a leadership speech from Washington, D.C. and that leaves us looking to Angela Merkel. I may play some golf this week.
