Expect Some Manipulation

Expect Some Manipulation

SPY is set to open with a small gap down ~109.3. The farthest I see SPY pulling back to is ~107.8 (support from trendline A), but I have no reason to believe it will pullback that far. However today is weekly options expiration so it's worth assessing downside risk. I expect the small gap down to be filled. SPY may find support at the 108.54 level and rally from there. I expect to see SPY 110 today and for the rally to continue in general.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.