$SPY opening higher as a follow through of yesterday’s bounce. We also had economic data coming out this morning Producer prices were up 0.1% which was above the expectations of 0.3% drop. We also had ex-food and energy up 0.2% which was in line with est.
$SPY 1st support is 133.25, 2nd support 132.58, and 3rd is 132.03.
$SPY 1st target is 133.84, 2nd is 134.10, and 3rd is 134.69, and 4th one just for fun is 135.70.
Trade what you see not what you think.
