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.