$SPY opening pretty much flat, after it’s monster run last week. I still think we will reach that 156.45 level, but maybe we will chop for a while. The $NYMO (McClellan Oscillator) is showing itself like I expected. Moving towards the over bought territory, one good market green day at a time as I illustrate here.

NYMO

In Europe the problems continue eventhough people are trying to find reasons to cheer. Italian banks lag as an injured player in a Junior varsity basketball game. The socialist governments act like cheerleaders as these sing Italy, Italy, he’s our man, if he can’t do it, no one can. Well truth is they just can’t, they should stop singing that song, and get that player back in the bench, lose the game, and until Italy recovers, this is just going to be a blood bath.

$SPY 1st support is 155.17 2nd support 154.94 and 3rd is 154.71

$SPY 1st target is 155.55, 2nd is 156.45, 3rd is 156.70.

Trade what you see not what you think.

    You are unauthorized to view this page.

You Might Like

  • How to use Moving Averages for Swing Trading

  • Swing Trading Venezuela following the Maduro capture.

    When Geopolitics Hits the Wires: Lessons from Iran to Maduro

  • analyzing volume in your trade setups.

    Swing Trading Using Volume Analysis