After one of the biggest down days on Tuesday, the market has since held and flagged for the day. Zero follow through to the downside so far.
Will Thursday continue down or will there be a surprise upside move?
I mention this because the put/call ratio is super high and the SPDR S&P 500 ETF Trust (SPY) is holding some moving averages. Time will tell, but we have some events coming up that could both hold and move the markets.
Let’s take a look at how this might play out:
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Your Profit Pilot, TG