SMP99

SPY Thu 9-25 Update

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
9-25 Update: Last potential target for the day OR Fri morning will be 195.75. Around there we should see support from the past month and just below at 195-195.50 we have multi year support that should kick in. Dropping through these levels today/tomorrow on S/T oversold conditions seems unlikely.

I plan to close my short bets taken at yesterdays close at these levels and will re-evaluate based on price action we see around these levels.
so you think we retest todays lows?
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SMP99 leokaplin
yes. And likely hit that 195.25-195.75 range between now and Friday noon is my thought as of now.
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