SPY was below the 766.53 bias level at Tuesday's open, but the early weakness lasted only briefly as price turned higher, cleared the bias level and pushed through 769.35 and 770.83. The rally reached the 772.23 third bullish level without establishing above it, then reversed sharply late in the morning and fell back below 770.83 and 769.35. Through the afternoon, SPY stayed close to the first bullish level as several small moves to either side failed to develop. A gradual late drift left it below 769.35 but still well above the bias level and above its opening area at the close.
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New line of work: “real girlfriend for hire”. Ok, rant over 😂. We’re laughing now, but I never said that the most ridiculous outcomes are also the most likely. It is what it is.
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