$SPY made another new all time high yesterday as the market continue to gallop with no pullback. Market sucking everyone in like a vortex. I have been trading lately. I want to give the short side a try, but have been getting stopped. Going long in the afternoon have been tough too, so the mornings are the current best plays.
Like many I have been slowing down on my activities since uncertainty have been clear, even though a lot of the same talking heads on the financial channels claim paradise if people stay long. Well I have learned in my many years in the market that it is not the case, and the people who are getting fooled right now is a new generation of retail ATMs for the market, since they market pumpers already cleared the savings of the previous generation.
$SPY 1st support is 162.86, 2nd support 162.52 and 3rd is 161.88.
$SPY 1st target is 163.70.
Trade what you see, not what you think
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