SPY is Stuck Between a Rock and a Hard Place
No wonder the S&P 500 ETF (SPY) cannot make up its mind on direction. The ETF broke key support in mid May and the 50-day moving average turned lower. Combined with Monday's high, these no mark the rock or resistance zone. The support zone, or hard place, is marked by the 200-day moving average, June low and last week's gap.

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