Big day for me, as we approach my 156.45 mark. I actually saw 156.44 being printed this morning.  Again I want my readers to be really cautious, and only take this market in a bearish way if and only we have confirmation. That confirmation could take a couple of days, so even if I get the number right, I will not jump in straight away into shorting the $SPY. Remember what i always write at the end of my post. “We trade what we see not what we think“.

The economic news are good, so we can’t just pretend we are not seeing that and try to act smart just because our projections came to it’s spot/level.

Now if we do turn around from the 156.45 level (give or take), that would be very pleasing to see how well and effective my efforts have been to help my readers thrive in this market. I will leave you today with the numbers and a quote to put a smile on your face.

In life the only thing you gain without any effort is weight. :o)

$SPY 1st support is 155.83 2nd support 155.37 and 3rd is 154.94.

$SPY 1st target is 156.45, 2nd is 156.70, 3rd is something we have never seen it before.

Trade what you see not what you think.

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