$SPY Stuck at Downtrend Resistance, 50 Day Moving Average (#Chopfest, July 14)

SPY (the S&P 500 ETF) is stuck at downtrend resistance and the 50 day moving average (109.64). The 200DMA is at 111.41. SPY is currently +0.02 at $109.68. Oh now up +.09, chopfest.

SPY chart courtesy of FreeStockCharts.com

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