SPY Read For The day

Sizable gap-down this am with the ES down -7 and the $SPY has lost the 50ema here and the lower trend-line on the 30min chart. 135.86 is the 10ema on the daily, and the short term line in the sand. That number also represents the 38% fib of the recent action. Upside targets for today are 136.50, 136.77. Kirby action starts at 136.60 and opens up big at 137.15. For more downside look for 135.86, and if that cracks look for 135.51 then the 200ema on the 30min at 135.11. Major support is under us at 134.62.

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