Mid Week ETF Look

SPY

$SPY flagging and pushing to new highs, we are ready for the next leg up imo. Bullishuso

$USO 200sma cross and confirmed, 50ema on weekly cross and confirming, we push up to the 13ema on monthly now/ 10.71 res area. Bullishgdx

$GDX room to 200sma here, we should test it. Failed to reclaim 50ema on daily, holding dt. BearishIBB
$IBB riding the dt slowly in a channel, I still think we should flag break soon but nothing will happen until the dt breaks. Little more cautious because the 13ema is being tested right now. Still think upside though with market strong. Bullish (but cautious)

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Author: spartantradinginc

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

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