The $SPY was much higher when I woke up am 6:30am. It is still an impressive move as apparently Cyprus got a “draft” deal from the European Union. Also known as the Socialists have gone wild program. The truth is that there is no deal so far. Everything that is being said is a way to calm the markets who are desperate looking for a reason to sell.
From experience I know that it is better for politicians to present their immediate action towards a problem, rather than trying to slice the problem like a salami. My point is very clear and raw, so please pardon my sincerity. If you are going to screw the people it is better to just shove the whole salami in and let it be painful straight away rather than slicing it and making them feel like their rear end is a piggy bank.
$SPY 1st support is 155.51 2nd support 154.80 and 3rd is 154.30.
$SPY 1st target is 155.55 2nd is 156.45, 3rd is 156.80.
Trade what you see not what you think
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