$SPY jumping again. Still no real catalyst. I did read that London banks are taking some heat as they are accused by the US regulators for helping Iran stack up 250 billion. The “socialist” president of France is also on the hot seat as he have been pushing the prime minister of Italy to ask for a bailout.
So you see not much good happening, and the news above for now are mostly rumours. This is what really matters, the $SPY levels, without them you will probably go nowhere today.
$SPY 1st support is 139.60, 2nd support 138.92, and 3rd is 138.45.
$SPY 1st target is 140.64 , 2nd is 141.12 3rd is 141.56, and 4th one just for fun is 142.26.
Trade what you see not what you think.
