SPY pivots and target for the day

SPY ran up to R1 with good economic news this morning, but now it's on the third upswing in this channel or pennant or whatever we want to call it. If it breaks above the 95.60 then that could act as support for while

I'm looking for this to pull back to support at either the red trendline or the S1 level (93.23). A break below that likewise would be significant. I closed out some longs this morning, and have some shorts active. I would not hesitate to enter longs with a break above 95.60.

Target is 93.23 on pullback today or tomorrow.

SPY hits target...

The last post, SPY target was given as 94.06 which is daily S1. Now we have hit the target and are currently overbought on the short term. I scalped some SSO and am out now. Looking to get some shorts for overnight: CTAS, THOR, LEAP

SPY Pivots and target for the day

SPY does not want to commit. Tech and specifically semis are strong today. SPY is currently at daily VWAP and is chopping .

Target is tough to figure for the day, but look for sell off toward Pivot. If there is any volume, this will go toward S1 of 93.10. If volume is light, then it may only get half way to S1.

This is almost untradable at the current point.

Eric says we need the dollar to strenghen to weaken the inflation trade. Interesting meme to follow.