Fuinhaz $SPY morning update May 9, 2012
Another day, another spot on support on the $SPY (give or take). We did hit 100ma, and dropped just a tiny bit, only to come back with what some may interpret as strength, I see it as an opportunity for shorts to reload. Look at the $SPY chart below to see where the b/o levels are. If we don’t get to these levels, an break them, we aren’t going nowhere.
Please act with caution. and may you all have a good continuation of your day.