$SPY pretty much flat lined again. Nice move up on Friday, but I am finding it so much hard to embrace this rally without a decent pullback to re-test the 140 level. I have a strong belief that we will move above the 1500 level in the S&P 500, but that is not going to be an overnight kind of trade.
The $NYMO have been flowing sideways for a while, but still very close to overbought which leaves me no doubt that a possible clean up is very close.
$SPY 1st support is 141.41, 2nd support 141.08, and 3rd is 140.53.
$SPY 1st target is 142.71, 2nd is 143.55 3rd is 144.10, and 4th one just for fun is 144.60.
Trade what you see not what you think.
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