The SPY traded within two channels today. If you were actively trading, the channels were definitely your friend as there was not a whole lot of guesswork involved in the action today.
The red lines denote the next possible inflection points for the SPY. Manage risk!
The XLF has test the 9.70 often. As a general rule, the more times support and resistance are tested, the more likely they will break. I will be keeping an eye on this for the next few days.
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