Hi Shoppers,

Nice rally yesterday.

I think folks were surprised by the move.

The S&P 500 was up $49.59 which is a recovery of 41% of the sell off that began on June 16th.

The Invesco QQQ Trust (Ticker: QQQ) also came back 40% trading up $6.15, while the Russell 2000 Index (Ticker: RUT) retraced just under 28% up $2.61.

Where do we go from here?

Check out my pitchfork on the SPDR S&P 500 (Ticker: SPY):

It has bounced off my old resistance/new support level at $431.

I think SPY is going to rally back up the previous high up at $443.

I like Friday’s expiration:

The 437 calls could be a nice play.

Thanks for Reading … See You Next Tuesday,

Licia Leslie