An obvious retest of the SPX 2600 area seems like a magnet to SPY. It is being drawn to tag it, and then see what happens next. Zweig 'breadth-thrust' level buying interest nearly guarantees the tractor beams will pull price to that level.
That last bump was a point and half ES above the release high and it hasn't held. Looking for a third bounce from the 60 minute Opening Range high ( like the last one) or a fail. Clearly if it takes out the overnight high at ES 2587.25 it will not be good.
Joe Friday's twitter feed. He says bears must keep price from the red zone and retaking box 1 and two would confirm. He is saying this will resolve by Friday.
Just proves Pasta Boss is one of many who use boxes!
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