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.

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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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