📈 $SPY CONSOLIDATION!
• SPY was compressing beautifully today at 570 digesting and rotating money among sectors.
• While $XLY is strong and $XLK remains weak the rotation in the market is extremely healthy.
• $VIX has cooled down quite a bit but do not expect it to go back to lower 12-13s until after elections.
• Watch the trendline here on the 65 min chart. Break on either side and its important to be positioned well on it.
• Upside target here is 573.
• Unlikely to see anything lower than 563 currently.
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