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  /  ETF   /  Mid Week ETF Look – Jan 4, 2018

Mid Week ETF Look – Jan 4, 2018

spy

$SPY flag breaking and range breaking to ATH, we should cont to push higher on this breakout, blue skys.
USO

$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

$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
$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.

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