$SPY slowly making news lows, as we ran out of news, but some with hope that the Fed Minutes that are coming out later today, will serve as a catalyst to support our latest Speedy Gonzales run. The thing that most people tend to forget, or at least cover, is the fact that we haven t heard any new follow ups on the situation in Europe, so the lack of news is keeping many people on the sidelines, specially the ones that started to realize their gains yesterday morning.
I think that right moment is set up this way.
Bull will have a chance to show their strength if we can lift ourselves above 141.81.
Bears will take the reigns if we drop under 140.76.
May you all have a good continuation of your day.
