SPX
Seems to possibly be forming a H&S on the 1hr here. Not sure yet if this last candle negated it or not, will see tomorrow….
XLK
Daily….just consolidating after a false breakdown reversal, no play for me here yet.
ATVI
Near daily supply level….hit and rejected 4HR supply….I entered short here.
SLV
SLV Daily continuing breakdown from channel, not looking good. Next demand level around 16ish
XLI
Trading in range here after a 3.5% move off demand. No trade for me here….yet.
XLU
Breakdown back below channel today, completely negating last weeks bullish uptrend….possible H&S forming daily?
IBB
Broke out of current daily channel hard today….maybe forming inverse head and shoulder? If it can keep this momentum, I suspect it rallying to test the daily supply level
XLE
Weekly :eyes emoji:…..if it can hold that trendline, we may see a rebound here soon.
