Tuesday Market Video - $FB $GOOGL $AMZN $TLT $XLE and more
Morning Charts - $NFLX $QQQ $AAPL $IWM $FB $GOOGL and more
Weekend Outlook - Covering $FB $AAPL $XLE $VIX $VXX $SPY $AAPL $GOOGL
Yesterdays late day spike to $210 on the $SPY was a farewell of sorts. A short kiss goodbye to a level that was reached for the first time in human history this year. Perhaps we get a tearful reunion later this year, but for now the Captain Obvious side is saying more downside lies ahead.
Stock continued to move higher off Monday's lows, with a close near session highs.
That possible inverted head and shoulders I've highlighted this week continues to look promising.
Also note how that $IWM $120 test has acted as a spring board for higher prices.