Narrow range day
SPY closed up 0.7% yesterday.
With most of the gains from gap open.
Yesterday was a narrow range day (NR7).
Such days are compression days and energy release can be quiet explosive in either direction.
ES futes are down about 13 handles and suggesting SPY open down about 0.4%.
Support is at 320.50.
With most of the gains from gap open.
Yesterday was a narrow range day (NR7).
Such days are compression days and energy release can be quiet explosive in either direction.
ES futes are down about 13 handles and suggesting SPY open down about 0.4%.
Support is at 320.50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.