Mid Week ETF Look – Jan 4, 2018
$SPY flag breaking and range breaking to ATH, we should cont to push higher on this breakout, blue skys.
$USO little extended here on the daily into the range test at 12.45, expect to see some res and a slight pull back into the trend before we push and test it again.
$GDX Rejected at the res here at 23.88 but the uptrend is still intact, the weekly is curled nicely. Should retest this res and break higher imo. Trend must hold.
$XBI Nice flag break and push, range break test here at 88.98 should be a little bit of a battle ground. Weekly and monthly looked primed for a push higher into 91.11 highs tho. That will be the largest res.