Tiny gap on the $SPY, or one could actually say “flat open”. Many names gaping down, or simply not moving either way. I personally think that we will have a kind of swoosh down day. And we will most likely hold the 143.17 (1st Fibonacci retracement level). some dip buyers may come in.
$SPY 1st support is 143.97, 2nd support 142.98 (Just under the 1st Fibonacci retracement level), and 3rd is 142.26.
$SPY 1st target is 144.60, 2nd is 145.19, 3rd is 146.13, and 4th one just for fun is 146.84
Trade what you see not what you think.
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