$SPY roaring as non-farm payrolls are up by 114,000 in September, the unemployment dropped to 7.8%. We also have news from Europe saying that it plans buy a heavy amount of bonds for the next 2 months. The only thing that actually made me laugh is the fact that the Spanish finance minister Luis de Guindos said that they don’t need a bailout. But maybe it is just me who thinks that he’s also have a second job as a comedian. Who knows.
$SPY 1st support is 145.93, 2nd support 145.38, and 3rd is 144.63.
$SPY 1st target is 146.84 , 2nd is 147.60 3rd is 148.68, and 4th one just for fun is 149.20.
Trade what you see not what you think.
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