$SPY just broke the 141.54 level. The volume is not that impressive, but so far it is being able to move back and maybe we will re-test the highs of the day.
Again we are moving on no real news. I would like to remind everyone that the main news I read is that at the Jackson Hole meeting, most bankers are waiting to hear clues about QE3. Other than that this is a rally running on very thin air.
Let’s see how we do when $SPY gets close to 142.16.
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