User: Ryan Mallory: Market Analysis: Fuinhaz $SPY read for January 15 2013 | SharePlanner
Fuinhaz $SPY read for January 15 2013 | SharePlanner
$SPY pulling back as expected. Many hurdles until this downfall is confirmed. But so far very pleased with my 45 day prediction coming to life. I see a lot of the names I like to trade starting to stall, and pulling back from last weeks highs. Again I need to see more selling to confirm my thesis.
$SPY 1st support is 145.92, 2nd support 144.69,and 3rd is 144.44.
$SPY 1st target is 146.84, 2nd is 147.60, 3rd is 148.68, and 4th one just for fun is 149.20.
Trade what you see not what you think.
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