It's kind of predictable what the market has been doing the last 2 weeks and it's easier to see it on the 60' chart.
The trading range is obvious with support on the SPY at 118.50 and resistance at 122 and the 2o day moving average right in the middle.
Every pullback keeps being bought as well as every rally is being sold, once we break and stay at least an hour above 122 or below 118.50 we could follow the trend, but in the meantime there is sckepticism around traders.
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