Seems that this market will never pullback again. We know it will, but today’s SPY comeback defies the norm, to say the least. The Nasdaq was where the bulk of the damage was done and we will see if that follows through. Apple (AAPL) was down almost 2.5% but held a small area of support. United (UAL) was down just over 12% on the day and closed near the day’s low. I’ll go over the analysis of the SPY setup and today’s comeback in the video below.
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Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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