$SPY opening pretty much flat. Today we have Fed’s minutes. It is just a detailed version of what was said on the last FOMC meeting. I have to confess that I was a bit shocked when the $SPY dropped under 133.91. But eventually it bounced back as I was expecting. That is one thing about me that I believe you should all know. I have no problem in going back and review my mistakes. I want to make sure that the chances of that mistake to happen again is very small.
$SPY 1st support is 133.78, 2nd support 133.27, and 3rd is 132.83.
$SPY 1st target is 134.69, 2nd is 135.70, and 3rd is 136.69, and 4th one just for fun is 137.06.
Trade what you see not what you think.
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Ryan Mallory analyzes one trader's swing trading strategy and whether there are any flaws or issues with his strategy.
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