View: Fuinhaz $SPY read for August 28, 2012 | SharePlanner
Fuinhaz $SPY read for August 28, 2012 | SharePlanner
$SPY opening lower, but still following what i wrote yesterday regarding the invert head and shoulder pattern I detected on a 15 min. chart. I think that if we bounce from the open, we will most likely make a new high today, or until something comes out of the Jackson Hole meeting.
Keep in mind that we have consumer confidence at 10am. In Europe we are currently down almost 1%, that will keep US traders on alert. I am still believing on what I see on my charts, but always ready to change direction.
$SPY 1st support is 140.30, 2nd support 139.33, and 3rd is 138.69.
$SPY 1st target is 141.56 , 2nd is 142.26 3rd is 142.71, and 4th one just for fun is 143.55.
Trade what you see not what you think.Try the SharePlanner Pro Trading Platform for Free!
No comments yet.