View: Fuinhaz $SPY morning update for July 3, 2012 | SharePlanner

$SPY reached my second level, but in ultra overbought position, with huge resistance here at 137.64. It can continue to go yes, but in my opinion this is a 4th of July run. And everything will be giving back on Thursday when the hang over settles in. Every on my watch list is just going crazy, some of the names I talked about yesterday just went nuts today, but I think it is time to look into some shorts.

I hope you all enjoy your 4th of July holiday, and I will see you all on Thursday.