User: Ryan Mallory: Market Analysis: Fuinhaz $SPY read for December 12, 2012 | SharePlanner

Fuinhaz $SPY read for December 12, 2012 | SharePlanner

And the $SPY doesn't want to do anything about a pull-back. It touched 144.10 yesterday which was my 2nd target. It is now gaping up again to re-test it, and I think that it is all in the hands of the fed as we wait for a decision that we already know what it is. Traders are pumping this make rt as they expect talks about QE4 but I think we sell off hard if we don't get what traders want.

$SPY 1st support is 143.20, 2nd support 142.86, and 3rd is 142.54.

$SPY 1st target is 144.10, 2nd is 144.60 3rd is 145.19, and 4th one just for fun is 146.13.

Trade what you see not what you think.

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