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Minyanville's T3 Daily Recap: S&P Continues to Digest Recent Volatility
The tape was a bit testy today. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) made a four-day high but is hard to trust on this light volume. This is a good spot to trim some if you bought on Friday or Monday. SPY hit a high of $139.52 while bigger resistance is $140.30-140.70. It was trading around $139.21 as of noon EST. Overall this is another digestive type day. With the lack of a Greece deal and no cease-fire in Israel-Gaza there could have been damage this morning but the market shrugged those (non)events off. Some stocks had a ...
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