much the same thing, finishing with a drop after finding sellers above the 1,422 closing high made in April.
Nothing gets traders more nervous than failed breakouts and S&P 500 has rallied nearly 9% since the beginning of June. After yesterday’s action “Book profits and leave early for Labor Day” is the prevailing game plan.
See the full Breakout video below:
Related: (NYSEARCA:SPY), (NASDAQ:QQQ)