SPY daily
Might as well do another look at SPY since I called today's ramp job so well (NOT !)
The breakout area at 142 should now provide minor support if it pulls back.
There's a bunch of potential sellers up in the gray box beginning near 143. And the 50dma is looming overhead at 143.70. The expectation is that it will probably not move up easily.
Some things which concern me about today's action:
1) The squeeze was basically over at 11 a.m. After that, sellers were content to feed out stock.
2) AAPL was unable to get going.
3) The Euro was weak all day.