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

 

Mid Week ETF Look

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$SPY holding the channel here so we are still ok, I do think we come back and test in the near future. Not to worried still above all ema support

$IBB Nice push lately and range break test, bullish look I think we retest and break through pushing higher near term

$USO in a nice downtrend of the crude oil bear flag confirmation, next support 9 which we will hit imo

$GDX big day from FOMC break 22.2 support but closed above, I believe we retest and break near term and head lower to the trend line

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!

MID WEEK ETF LOOK

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Mid week Etf Look
$SPY holding top channel, think we bounce here and push up of the uptrend here. Holding up nicely

$USO on support I expect a bounce here from the big sell off, we are overdue for a bounce imo

$GDX has room down to the support however we may see a slight reversal from fed today

$IBB some room back to the 13ema, ww LABD into support level. Ultimately we will head higher imo

Mid Week ETF look

SPY
$SPY reclaimed the uptrend channel this week and broke out of downtrend, should push

gdx

$GDX bouncing off the 21.8 support for now. Will see if it can hold. Think we see small bounce shorterm before more downside. ibb

$IBB bounced off that uptrend as i thought, little extended here tho. I expect it to pull back in the short term (day or two) then continue up.USO

$USO Bouncing slightly w/ some support, Oil holding the 200sma for now so this should help USO assuming it holds it

ETF Mid Week Update

SPYY

$SPY broke out of channel, will test 50ema support here, needs to hold or we will pull back more. I expect a bounce off the support

USO

$USO pulling back to 11.07 support, I think it will hold and then push up and test the weekly 50ema level at 11.35 in the short term.

GDX
$GDX broke out of weekly dt and confirming currently. Looks like 200sma will be tested fairly soon to the upside.

ibb
$IBB looking bearish but sitting on support, we should pull back and test the up trend here until its able to break that small downtrend, I believe it will hold.