$SPY trying to stay above the 140.45 pivot level. Remember that above 140.54 we should run and end the day strong. If we close strong, I will probably sit out the 1st hour to try to figure out this market may go.
Now if the $SPY break below 140.17, then we will most likely lose this 140 level, and then we have a very good chance to gap down tomorrow, and on the following days fill all the open gaps we left since last Friday.
Tomorrow we have initial claims, and trade balance @ 8:30pm. I am very curious to how the market will react, specially if we close above the 140 level.
May you all have a good end of your day.
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