Mid Week ETF Look


$SPY retesting 13ema after FOMC and bounced back off support, we go back to test ATH looks like, we should test top up part of channel soon as well. bullishgdx-st.jpg

$GDX breaking the 50ema and closing under, think we fall further and test the 50ema on weekly and the 200sma on daily, we have support there so we shall see if it holds. Short tern bearish.uso

$USO testing range and getting rejected, still thing we should retest and break out next few days and test the 200sma daily. BullishIBB
$IBB flag test today, I love the monthly and weekly, we are setting up for a big push imo! matter of time until we break out. Bullish


Author: spartantradinginc

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s