GS sits on top of a long running Support/Resistance pivot
FCX printed a shooting star on waning momentum
Looks to me like a complex Head & Shoulders top in XLE. What I like here is how price is wedged between a short & intermediate Moving Average that looks to be crossing in a bearish way. Also, the momentum oscillator is correcting into the slow line (think; momentum, pullback, extend).
Now take a look at the range we find ourselves in:IWM - though open for interpretation, I'm seeing a bear flag. A measured move of which would put us right back to the bottom of this sideways range ($67).
SPY- While this one is looking like a H&S pattern with a measured move, again, back to the lows of this range ($115-ish).
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