User: Ryan Mallory: Market Analysis: Fuinhaz $SPY read for October 25, 2012 | SharePlanner

Fuinhaz $SPY read for October 25, 2012 | SharePlanner

$SPY trying again to bounce. It did held well that 140.90 level, but I still think that 140.14 Fibonacci level will be tested eventually. On the economic data side, the initial claims dropped 23,000 to a seasonally adjusted 369,000, the Labor Department said on Thursday. Today we also have $AAPL reporting earnings, and this time I will act very impartial. I prefer to do like Saint Thomas. I got to see it to believe it.

$SPY 1st support is 141.13, 2nd support 140.50, and 3rd is 139.90.

$SPY 1st target is 142.26 , 2nd is 142.71 3rd is 143.55, and 4th one just for fun is 144.60.

Trade what you see not what you think.

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