Fuinhaz $SPY afternoon update for June 22, 2012
$SPY trying to get close to 133.84, nice effort but still very hard to get confident again without a re-test of yesterday lows. I personally took small gains and that is pretty much how my day went. Next week we have new home sales on Monday. For sure we will also hear something about Europe and what kind of relationship France will have with Germany.
Let’s see where the market heads. Again on the technical side, it is better for us to re-test that low of yesterday. It is the correct thing, but usually not what the market wants.
May you all have a good weekend.