I hope this post will find everyone well and mostly in shape without major problems after the horrible hurricane sandy we had on Monday/Tuesday here on the east coast. Thanks God that for me who lives in the Philly area, the only thing I saw regarding the hurricane was a lot of wind and heavy rain.

$SPY opening higher, but I am sad to say that this is only intended to give people some hope as the economy continues to deteriorate in Europe. The Inflation pressures in the euro zone are low because unemployment is at a record level, rising to 11.6 percent of the in September. This represents a total of 18.49 million people without jobs in the euro area.

Remember what i said about that new range we will be playing for a while 140.14 – 143.19. So please be extra careful when acting too bullish today. Some will call this a choppy market, and I can only agree with them. Please make your choices wisely and keep in mind that the US elections are very soon, in which it doesn’t make things easier.

$SPY 1st support is 141.13, 2nd support 140.27, and 3rd is 139.42.

$SPY 1st target is 142.26, 2nd is 142.71 3rd is 143.55, and 4th one just for fun is 144.60.

Trade what you see not what you think.

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