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Friday, December 08, 2017 4:27:59 PM
SPY Eyeing All-Time High
By: MPTrader | December 8, 2017
Nearly 30 minutes after the release of a slightly stronger than expected Jobs (payrolls) Report, SPY is attempting to push up through key near term resistance at 265.14, which if hurdled and sustained, should trigger upside follow-through to retest the all-time high at 266.80-- in route to 268-270 next. At this juncture, only a sudden price reversal that breaks 264.50 will argue that SPY is pressing back into its week-long range (265 to 263) for a while longer... Last is 265.00/01...
https://www.mptrader.com/middaymarkets/
• DiscoverGold
(Disclosure: I do not own SPY shares)
Click on "In reply to", for Authors past commentaries
By: MPTrader | December 8, 2017
Nearly 30 minutes after the release of a slightly stronger than expected Jobs (payrolls) Report, SPY is attempting to push up through key near term resistance at 265.14, which if hurdled and sustained, should trigger upside follow-through to retest the all-time high at 266.80-- in route to 268-270 next. At this juncture, only a sudden price reversal that breaks 264.50 will argue that SPY is pressing back into its week-long range (265 to 263) for a while longer... Last is 265.00/01...
https://www.mptrader.com/middaymarkets/
• DiscoverGold
(Disclosure: I do not own SPY shares)
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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