$SPY gaping up and so far confirming my current view of a buy the dip kind of market. I want o remind everyone that we are very close to being overbought, but there are still a lot of space to run. When things get really ugly I will let you all know in advance, so we can all get our portfolio holdings ready and make the necessary changes. By doing that I hope I keep on helping new and experienced traders to take the emotion out of trading, and focus more on what is important and not what the media wants you to believe. The media may influence people in one way or another, but the charts never lie.
$SPY 1st support is 141.51, 2nd support 140.77, and 3rd is 140.36.
$SPY 1st target is 142.26, 2nd is 142.71 3rd is 143.55, and 4th one just for fun is 144.10.
Trade what you see not what you think.
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