#OnWatch: May 26, 2016
SPY gapped hugely prior to Wednesday's session on the heels of both a technical breakout on Tuesday and a verbal agreement for the IMF to help out in the Greek/EU issue which has been going on since forever. The gap jumped above the 208.50 rejection line which held Tuesday, only to go straight after the 209.77 rejection line which dates back to the YTD High run back a month ago. After 3 attempts, the last of which tasted blue skies [...]