Another nice and strong gap up, followed by good and somewhat mixed earnings. The $SPY is currently @ 156.61 in pre-market. I would like to point out that at 157.20, the $SPY will fill the gap left last week. I am curious to see what it will do after that. I personally think we will continue to push higher and make new highs until next Tuesday, then come May, and I think we start a pullback. A significant one this time. But until that happens, the idea is back to buying the dips once we see them.
$SPY 1st support is 156.18 2nd support 155.67 and 3rd is 154.75.
$SPY 1st target is 156.80 2nd is 157.32, 3rd is 158.80, and just for fun, the 4th 159.71.
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