Finally a catalyst to make this market move. The move started as Europe strengthened the case for further stimulus measures from the region’s policy makers and following better-than-expected retail sales data in the United States.
These are really great news, but I am really curious to see how the $SPY will react at the big resistance @ 141.66.
Let’s go straight to the numbers.
$SPY 1st support is 140.96, 2nd support 139.88, and 3rd is 139.18.
$SPY 1st target is 141.56 , 2nd is 142.26 3rd is 142.71, and 4th one just for fun is 143.55 ( I can’t believe i am putting this level on).
Trade what you see not what you think.
