Fuinhaz $SPY afternoon update March 28, 2012
$SPY did exactly what I was expecting. It filled the gap and pretty much held the 139.76 support. The market seemed to have bounced, and a close around 140.56 can be expected.
140.16 is a b/o level according to my charts, so once we crossed it, bulls should come in and buy this dip. I suggest readers to focus on commodity names since April is usually a good month for them.
This looks perfect as we set to get some good numbers tomorrow.
Have a great afternoon everyone.