$SPY gaping up again, and now going to no man’s land. So it is practically impossible to have a target for the day. But from the economic data we can see that we are going to drag ourselves a little higher, but eventually the pullback is going to be imminent, and in my own opinion will be cruel.
Unless the US government along with the treasury department wrote a new book about the economy, history have shown, that new highs only lead to monster sell offs. So personally I am not expecting anything other than that.
Now all we got to do is wait until the day that they all pull the plug on us. The ones who are ready for the pullback big or small will be the one who will profit the most.
$SPY 1st support is 156.47 2nd support 155.92 and 3rd is 154.68.
$SPY 1st target is 157.21.
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