$SPY opening higher as we closed above the the 100MA 136.04 yesterday. We will continue to climb since $NYMO (McClellan Oscillator) is still under the neutral position and we have good news. The way I see it, the news coming from Europe is enough for a couple of days or until one of our US companies mess up their earnings, and/or outlook.
I will be taking the day off, but I will leave you with some good piece of information.
$SPY 1st support is 135.65, 2nd support 134.98, and 3rd is 134.34.
$SPY 1st target is 137.06 , 2nd is 137.64, 3rd is 138.28, and 4th one just for fun is 138.42 (usually there is a big resistance here).
Trade what you see not what you think.
