View: Fuinhaz $SPY read for November 21, 2012 | SharePlanner

Fuinhaz $SPY read for November 21, 2012 | SharePlanner

$SPY pretty much flat, but looking like it wants to conquer the 2nd Fibonacci retracement of 140.10. The economic data this morning show that jobless claims fell by 41,000 to 410,000, which is in line with the estimates.

I am not expecting too much today since everyone is already in the Thanksgiving mood. And with no European resolution over Greece, I think we will continue to move sideways until Monday.

$SPY 1st support is 138.39, 2nd support 137.95, and 3rd is 137.08.

$SPY 1st target is 139.64, 2nd is 140.16 3rd is 140.64, and 4th one just for fun is 141.12.

Trade what you see not what you think.

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