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.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.