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Mike's Mid Day Markets

SPY Eyeing All-Time High
Friday, December 8th 2017 By Mike Paulenoff
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 ... Read More

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