Fuinhaz $SPY read for January 4 2013
January 4, 2013 - 9:57am
$SPY opening higher again after economy added 155,000 new jobs and rate holds at 7.8%. I would like to remind everyone that we are close to the end of that 45 day run from Nov 16 I talked about. The date is January 11, so I do think we keep running until then. I am expecting a choppy run, with some ups and down days, but ultimately that should be it. Well ate least it is what i am expecting.
$SPY 1st support is 145.38, 2nd support 144.91,and 3rd is 143.96.
$SPY 1st target is 146.13, 2nd is 146.84, 3rd is 147.60, and 4th one just for fun is 148.68.
Trade what you see not what you think.Continue reading this article »