SPY Gaps Higher Ahead Of Retail Earnings But Looks Bearish Longer-Term: Why This 3X Leveraged Direxion ETF Could Pay
The SPDR S&P 500 (NYSE: SPY) gapped up 0.88% higher on Monday when the market ETF ran into a group of sellers who caused the SPY to fall from its high-of-day to trade up about 0.5%.