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Spartan Trading

  /  ETF   /  Mid Week ETF Look – Jan 11, 2018

Mid Week ETF Look – Jan 11, 2018

spy

$SPY nice top channel break but pulled back into it to retest and confirm, may want to retest the 13ema before we push higher, uptrend is intact none the less, strong. xbi
$XBI About to test the 90 range break here on the weekly and the daily before we test the 91.11 spot. Daily looking like it should test next few days. very key level to watch for bios!
gdx

$GDX rejected at weekly res, daily pulling back into the 13ema support, will see if it holds up. Plenty of support underneath. Imo should push into the short term downtrend and test a flag break to the upside. USO
$USO very bullish monthly and weekly now that the weekly range and broke. Think we retest that breakout as we are a little extended but very nice chart curling of the bottom here on the monthly!

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