$SPY to open neutral, but what looks like to be a low volume session. If I am not wrong today is options expiration day. I also see that many blue chip stocks are not moving as hard as they did a couple of weeks ago. Most of them are opening flat, or slightly lower.
I do see many small caps jumping, but that for me is usually a sign that the rally is mostly losing it’s strength. So until it happens for real, I will stay cautious.
$SPY 1st support is 151.87, 2nd support 151.42 and 3rd is 150.98.
$SPY 1st target is 152.32, 2nd is 152.74, 3rd is 153.60, and 4th one just for fun is 154.46.
Trade what you see not what you think.
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