SPY daily has recent bullish crossover of 13/34 EMAs and is above both 200 and 50 MA. Nearby support is significant starting with pivot support 141.5 area, the middle BB at 141.61, 34 EMA 141.62, 50 MA 141.76, 13 EMA 142.20. I am net long and looking for pullback into OPEX this week that holds support to get longer. Not a recommendation and primarily positional for the likely low volume melt-up "Santa rally" after Christmas into early January. If the support does not hold then I will reevaluate.
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well, guess that's it for today, a very strong close and seasonality wise, the OE week this week is very bullish and unfortunately if any bears are left, this week is their last chance as the next week would be the Santa Rally week. Thank you guys, I'll see you tomorrow.
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