Good morning traders. SPYs took an early morning dip as the tech leaders saw some rest and pulled back/ consolidated. Its impressive to see how resilient the market is. Lower prices bring in aggressive buyers, something that is very important to the health of the rally. In terms of the SPYs chart the longer we spend above 113.20 the higher the likely hood that we will trade up to at least 118 in the following months.

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SPY

113.20

114.20

115.04

115.90 (Gapfill)