$SPY tried hard yesterday, but eventually gave up and almost putted itself in danger as it briefly touched the 159.20 which on my charts was a support level. Today it is barely above that level as I write this, and from the look of this, it won’t hold.
Today is the last day of the month, and something tells me that there is a good possibility of the $SPY making a run to 160.37 which is again my educated guess target.
It seems that suddenly when we are about to make new highs, the bad news just start to flow in the wires, and social media streams.
The $NYMO is so close to being over bought, that bears are salivating on the sidelines.
$SPY 1st support is 158.77 2nd support 158.36 and 3rd is 157.90.
$SPY 1st target is 159.71 and 2nd is 160.37(Educated Guess).
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