Technical analysis of the SPY, IWM , QQQ
SPDR S&P 500 (SPY)
In the last report I wrote : The daily chart shows the SPY trending in a tight channel ,the price closed in the upper trend-line which could result a pullback in the upcoming days , which could lead to a test the 193.61.
As the SPY hit my 196 target , it started to pullback breaking the upward trend line which could lead of a test of the 193.31 support .
From here I'm expecting the 193.54 level to hold which could lead to a test the 194.08 level, IF the 193.54 will not hold, pullback to 191.95 is expected.
PowerShares QQQ (QQQ)
In the last report I wrote :The weekly chart of the QQQ are showing the same story as the monthly chart as we have bullish structure of higher lows however the price is trending outside of the bollinger band long away of the 13 sma which might indicate of potential small pullback
The QQQ break the upward trend-line which could lead to test the daily 13 SMA , from here I'm expecting the QQQ to bounce to test the 92.60.
iShares Russell 2000 (IWM)
In the last report I wrote : The daily chart shows the IWM trending in a channel ,the price closed in the upper trend-line which could lead for pullback in the upcoming days , which could lead to test the 114.48 support.
From here I'll be watching a break one of the two trend line that are showed on the chart above .
Trades (Real time alerts)
$UVXY : Bought at 32.79 sold at 34.35 $RNN : Bought at 0.97 sold at 1.01 $LIVE : Bought at 4.25 sold at 4.22 $CYTR : Bought at 4.8 sold at 5.35 (swing)
$GERN : Bought at 3.56 stopped out 3.49
$NWBO : Bought at 6.79 sold at 7.05
Accumulated stocks alerts from 6/11 (before the market closes)
SAND UP 8.70% , TC DOWN 0.35% , RNN move from 0.94 to 1.04
ll these trades were sent to subscriber's email and called in the chat room.
The package includes
CHECK THE BLOG FOR OUR PREVIOUS ACCUMULATION/SWING TRADES/DAY TRADING ALERTS / CALLS AND DECIDE!