Over the past 28 years, the SPY has gained an average of 3.45% in 15 of those years; it has fallen by 6.42% in the other 13 years.
The critical support level for SPY is 332.85. If the SPY finds support at this level then you can expect continued, moderate price increases.
Prepare for a moderate increase in volatility for the rest of September – watch the VIX.
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