$SPY opening lower again as rating agencies pile to continue to terrorize European countries with their downgrade possibility,saying that no country is immune to the economic slowdown. Over here the earnings have been mixed, we have tech giant, and most valuable company in the country $AAPL to report today after the bell. And some people are speculating that $BTU earnings will surprise. This is an info that was leaked yesterday, but I have no confirmation of it’s real validity. So I will act like St. Thomas, I have to see it to believe it.
$SPY 1st support is 133.69 133.69 (just under 20MA) , 2nd support 133.25 (just under 50MA), and 3rd is 132.60.
$SPY 1st target is 134.69, 2nd is 135.70, and 3rd is 136.69, and 4th one just for fun is 137.06.
Trade what you see not what you think.
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