Market seemed to have some energy until the Disappointing GDP this morning. There was a tiny trade in select areas but nothing worth listing.
Most Sector ETF’S did not make any powerful moves to fill yesterday’s gap.
We now have a small two day inside range to trade against
Support
SPY- 116.65 is yesterday’s low.
Next support from 10/10 is 117.67** that pivot is the start of that gap
Resistance
Spy is yesterday’s high of 120.35** We failed today at 120.03**
This is a very lack luster tape with no Commitment! It feels like late August-
Stocks are broken
*Disclosure: Scott Redler traded SPY AAPL GS AMZN LNKD FRX POT BAC ** BUT IS FLAT** NO POSITIONS
