Range Breakout

Range Breakout

SPY is set to gap up and open at 115.24 following the better than expected jobless claims number. I expect SPY to hit 115.99 today, if we're lucky SPY may retrace as low as ~114.2 and fill the gap if the Chicago PMI number that comes out at 9:45EST isn't that great, otherwise looks like a clear range breakout to me. Treasuries are selling off as well.

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