View: Fuinhaz $SPY read for September 17, 2012 | SharePlanner

$SPY opening slightly lower this morning. Still not enough to scare the bulls. Now that the fed started QE3, all the news from Europe so far will be seen as a good opportunity to buy the dips. And the US is taking advantage of their misfortune to attract buyers, so the idea is best described as a market that will orderly ascent into new highs, but with some decent pullbacks.

$SPY 1st support is 145.64, 2nd support 144.49, and 3rd is 142.59.

$SPY 1st target is 147.60 , 2nd is 148.68 3rd is 149.20, and 4th one just for fun is 149.80.

Trade what you see not what you think.