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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
62,969.10
(
0.13%
)
Post# of 110151
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dexprs

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dexprs

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Re: None

Monday, 05/21/2018 1:28:13 PM

Monday, May 21, 2018 1:28:13 PM

Post# of 110151
Technical Take: SPDR S&P 500 ETF off best levels of the session at midday (TheFlyOnTheWall)
THE FLY 12:15 PM ET 5/21/2018
The SPDR S&P 500 ETF (SPY) is off the best levels of the day, last at $273.36 at time of writing. At that price the high of the day at $273.98 is resistance. Support is at $272.36. The reason for the dip is a big fall-off in Technology (XLK) relative to the first half-hour of the day. That is leaving the Industrials (XLI), which are strongly outperforming, and the Financials (XLF) as the primary leadership with Technology (XLK) a relative third-place. Sectors are more green overall, with only the Biotech (XBI) sub-sector in the red.
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