Most 
SPY gains were made yesterday before the day session began. During day trading, SPY gains were limited and traders took profit at the close.
We have seen this movie before.
ES futures are down 0.42% as of now. European car sales fell 76% from a year earlier in April.
Powell and Mnuchin will testify before the Senate banking commitee today so a positive tone in the early going can be expected.
The range in chart persists.
A test of rising 20DMA and then a rebound will be bullish.
Expecting a strong directional move when the price moves out of the range convincingly.
SPY gains were made yesterday before the day session began. During day trading, SPY gains were limited and traders took profit at the close. We have seen this movie before.
ES futures are down 0.42% as of now. European car sales fell 76% from a year earlier in April.Powell and Mnuchin will testify before the Senate banking commitee today so a positive tone in the early going can be expected.
The range in chart persists.
A test of rising 20DMA and then a rebound will be bullish.
Expecting a strong directional move when the price moves out of the range convincingly.
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