SPY Showing A Failed Breakout

“To handle yourself, use your head; to handle others, use your heart.” Eleanor Roosevelt

It remains a stock pickers market with Nasdaq still running but SPY falling back below the breakout level seen Monday.

It’s rarely a good omen to see a failed breakout.

Gold and silver continue to show a turn higher.

(Click on image to enlarge)

No go yet for SPY.

Let’s see if the failed breakout holds or if we can see it get going very soon.