A Look At The Stock Market Following Independence Day Holiday: The Bull, Bear Case

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The SPDR S&P 500 (NYSE: SPY) closed slightly higher on Monday on far below-average volume ahead of the Fourth of July holiday. The stock market ETF printed an inside bar pattern on the daily chart, which leans bullish for continuation, although a bearish quadruple top pattern could cause resistance near the $444 level to hold strong. More experienced traders who wish to play the SPY either bullishly or bearishly may choose to do so through one of two Direxion ETFs. Bullish traders can enter a short-term position in Direxion Daily S&P 500 Bull 3X Shares (NYSE: SPXL) and bearish traders can trad…

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