$SPY opening lower on a very low volume session. The main worry is still the fiscal cliff. I want to see this pullback to go to 140, but I think it is very hard that it happens today since today is Christmas Eve.

Take t easy today, and get your friends together and celebrate something worth much more than your financial success, celebrate life.

$SPY 1st support is 141.59, 2nd support 141.25, and 3rd is 140.11.

$SPY 1st target is 142.71, 2nd is 143.55, 3rd is 144.10, and 4th one just for fun is 144.60.

Trade what you see not what you think.

You Might Like

  • How to use Moving Averages for Swing Trading

  • When Geopolitics Hits the Wires: Lessons from Iran to Maduro

  • Swing Trading Using Volume Analysis