Thought for the day, plus some posts of interest!
The S&P continues to be range bound since February (see chart below). Currently the 200 EMA is holding as support and we have to get above the 20 SMA and 50 SMA resistance if we are going to go back up higher in the range. The markets look weak to me, and I'm not trading much until I see a direction. I bought IYT and VUG yesterday just to have something to watch and hopefully make some money on if we head back up!
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