User: Ryan Mallory: Market Analysis: Fuinhaz $SPY read for November 9, 2012 | SharePlanner
Fuinhaz $SPY read for November 9, 2012 | SharePlanner
$SPY gaping lower again, but feeling that this 137.67 Fibonacci retracement level, can be a good entry level once it crosses. So I am going to keep it simple by saying that I will most likely buy some longs today.
Some names on my list are : $CAT, $MRO, $BTU, $UPRO.
$SPY 1st support is 137.25, 2nd support 135.73, and 3rd is 134.97.
$SPY 1st target is 137.64, 2nd is 138.28 3rd is 138.42, and 4th one just for fun is 138.88.
Trade what you see not what you think.
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