ETF CORNER

SPY : In the meat of resistance

The resistance level on the SPY is right here .. between those two blues lines i've shown in this previous post !

If you want to short you can try some today, and I would suggest a stop at $143.

If we close above $143 the year end rally could continue much higher.

QQQ : Possible topping pattern in the cubes

UNG : Natural Gas still Bullish

GLD : Near term expectation

The Bull trap I was execting i GLD did what it was supposed to do.

This is an old chart with a Bull trap warning I made in late september :

 

This is where it is now .. so expect more upside until $185