5530 Target Met

Now What?

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The weekly plan should be read and the weekly video should be watched prior to reading this post. Weekly Plan

After breaking away from 5385 on Tuesday SPY 0.00%↑ saw nearly no resistance on its way to 5530 with 2 of 3 days being trend days triggered by data. We’ve now arrived at sellers’ last line of defense. Healthy consolidation would be welcomed but the index has shown no interest in slowing down yet.

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