Mid Week ETF Look

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$SPY Trying to reclaim and hold channel here, think we do ultimately, bounced off small support today. Think we can push but consolidation is needed before hand.

$GDX Downtrend continues, broke the 50ema but some support here, think we do see and test and break shortly

$USO Testing the inverse h/s here, plus gap down, looking for a bounce short term but ultimately think we head lower as under all ema support

$IBB bouncing and holding 200sma today, we will need it to hold next few session or we will fall much lower. Big area!

Author: spartantradinginc

Technical/PR Day and swing trader. Equities, Options, ETF's and Indexes. Focus on high R/R setups.

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