$SPY opening lower after durable goods rose 2.4 percent after a previously reported 1.3 percent increase in June. Orders excluding transportation fell 0.4 percent, dropping for a second month in the a row. But that is not the news, the news are and will continue to be in Europe. Where traders renewed concerns that European Central Bank could delay a bond-buying program and comments from German Chancellor Angela Merkel.
$SPY 1st support is 139.99, 2nd support 139.56, and 3rd is 139.31.
$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.
