$SPY opening flat. I will be looking to see how it will react to the 141.12 b/o but the news are not very exciting, so with no real news we can’t continue to climb with the same strength as we did last week. I have noticed that some of the traders I spend the day with are still taking longs, but in a more cautious fashion.
Today’s economic data for durable goods orders came out unchanged in October, where analysts estimates called for durable goods orders to fall. And the news from Europe is that Greece will receive enough to be solvent.
$SPY 1st support is 140.63, 2nd support 140.16, and 3rd is 139.27.
$SPY 1st target is 141.12, 2nd is 141.56 3rd is 142.26, and 4th one just for fun is 142.71.
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