UPstocks - Trading the charts!

SPDR S&P 500 (SPY)

In yesterdays post I was looking if the SPY will gap up and start selling breaking the lows of yesterday's session, which what actually happened, now I'm expecting a test of the 13 WMA , breaking that and it will probably sell to the 34 WMA as chart shows above.


PowerShares QQQ (QQQ)

the QQQ broke a symmetrical triangle which could signal  more downward movement .
I'm expecting that QQQ will sell to 83.80


iShares Russell 2000 (IWM)

The IWM found resistance at the upper line of the triangle that we mentioned yesterday, It could be forming a descending triangle with price target 109.

iShares Nasdaq Biotechnology (IBB)

After breaking the descending triangle I would be expecting a re-test the 231 level and then the selling pressure would resume until it gets to the 204 level.
when it gets to the 204 level I would like to buy bio-techs stocks that got crushed such CYTR and IDRA .


Wave count 

iShares Nasdaq Biotechnology (IBB)

Facebook, Inc. (FB)

Tesla Motors, Inc. (TSLA)

Apple Inc. (AAPL)

STOCKS TO KEEP AN EYE ON : 

Pampa Energia SA (PAM)

 Our Indicators are  noticing accumulation of the stock .