Mid Week ETF Look

SPY

$SPY nice push through the top channel here, we should retest but we have plenty of room to the upside, blue sky. Bullishgdx

$GDX hitting the 50ema and 13ema, expect a pullback short term from this res level. BearishIBB

$IBB flagged out with room still to the upside, think we see cont to the 343.87 spot, ww LABU long. Bullishuso
$USO bearish look here, shorterm trend broken but still above longer term trend. That being said we should pull back to the 50ema here on the daily at the 10 level. Bearish

Advertisements

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 )

w

Connecting to %s