Eclubtrading

Short week - oversold bounce?

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
The overall market posted a higher low on Friday and closed strong as we witnessed some window dressing ahead of the July 4th weekend. For this short trading week, see if we close the gap to the 21EMA around $386. The lower than expected PCE number should offer a decent bounce at least in the short term. See how the market reacts to the FED minutes and the June jobs report.

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