Mid Week ETF Look

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SPY Broke uptrend, we have a little room here to pull back to 241, remain a little cautious

GDX room up to the 13ema here on this bounce, with SPY breaking support as well expect a gold bounce

IBB massive range break on trump comments about looser regulations on pricing and FDA, expect a cont higher, curling on monthly and room on daily/weekly

USO support broken we have room to 8.5, crude also broke big support, if it cannot hold 42.2 we will fall lower

 

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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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