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ContraryTrader
Sep 17, 2021 3:14 AM

Finishing off right shoulder ? Spy Short

SPDR S&P 500 ETF TRUSTArca

Description

XLK led the way in the spy comeback today.

448.40 is now Tweezer tops resistance

Trading in a Bear flag range between 448.40 - 444.80 tomorrow. A drob below that should kick off a H&S pattern .

The issue holding up the spy drop is the QQQ. They just wont sell it. Financials and materials have basically been correcting since the dow fell out of its wedge last week . I thought they wouldve drop tech after Apple event but behold Diamond hands from the
Comments
samitrading
Don't worry buddy, apple is about to finish W3 of WC. By Friday's afternoon you could/might have your QQQ following Financials & materials .
UnknownUnicorn7245819
That's right, the big tech stocks are still holding the market up.
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