Thursday, June 4, 2009

SPY pivots and targets... [UPDATE]

SPY pivots.  SPY showing constructive pattern, although low volume. Now we have broken above R1 (94.26) after touching it all afternoon.  R2 = 94.87 and that's the target before we pullback.  I'm liking that for today or after hours.

If a break below the white trend line, then look for pivot (93.51).

NFP tomorrow?  Not sure the buzz.


UPDATE   June 5, 0716hrs

After hours, SPY hit the target as predicted 94.93 now.  Take any profits on daytrading account.

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