UPstocks - Trading the charts!

SPY Chart Technical analysis : 

as the chart shows above , SPY is forming a descending triangle which in case it breaks the 184,46 level , SPY will test 182. 

We are currently bearish on the spy as it showed relative weakness the last 5 days as it kept selling the rallies and closing much lower than the open. 

IWM Chart Technical analysis : 

as the chart shows above , also IWM is  forming a descending triangle which in case it breaks the 114 level , IWM will test 112 as a first target. 

We are currently bearish on the IWM as it showed relative weakness the last 5 days as it kept selling the rallies and closing much lower than the open. 

Both indexes have a similar pattern which we saw in the IBB Index which make me believe that Both IWM and SPY are going to test  February lows.

QQQ Chart Technical analysis : 

QQQ also showing weakness as also it kept selling every rally and closing at the low of the day, I'll be looking next week at a breach  of the green line that chart shows above, in a case of this happening, I'll be expecting  a test of the 84.13 level.
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The blog was created to give picks of stocks that being accumulated , In this two months we gave a very successful picks Such BIOF , THTI , ZBB , HTM , INVE , LEDS , PULS ,PTX , BONE , GBR ,LUNA to name a few. Although I went long TGC and OXF as of the this week I couldn't find any good stocks, this could be as a result of the distribution that market is experiencing.

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