SPY/ES for 9/13
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Today on SPY 0.00%↑ we were monitoring for bulls ability to hold 5547.75 and 5554 for direct continuation. 5554 held all night and both levels were briefly swept at the open before 5554 remained firmly bid the rest of the day, triggering a breakout of the key 5571 and 5585 levels.
The bearish path is rather narrow here. It is worthwhile of being aware of it because of how wild the market has been this week, but price is currently quite obviously constructive here.
I added a position in GOOGL 0.00%↑ and took some profits on PLTR 0.00%↑ today and will be looking at some other names. I’ll update my thoughts on this and others in the discord.
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