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$SPY overbought, betting on gaps galore no more

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Oscillators showing overbought conditions. IMO Some overreaction to earnings out there. Keep your eye on what is more important at this point energy inflation and rates! I will enter call credit spread after opening theatrics are done with. Overall seeing red or sideways for the day.
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