SPY at a HIGH?

Keep your eyes on the SPY - Will Europe cause more melt down? After today's trading activity it appears that fear is back on the rise. However, there has been enough bullish momentum to take the SPY tracking ETF to a higher level from its September and October lows. Watch for the SPY to trade between $120 and $130. Until it shows strength above $130 will we give the bulls more credit, but watch out for a break below $120 and insure your portfolios before and if it breaks. Be Prepared!