Scott Redler’s Chart Attack: SPY, BABA, GDX


SPY has been choppy but the range is intact. Support is $217.35, then $216.25. Resistance is $218.67, then $219.60ish. Take things slow and don't overtrade.

BABA has digested a nice targeted earnings move for a few weeks. Holding $95.45 would help it get above $96.68 on the way to $99+.

GDX already broke the 8/21 day and didn't respect the 50 that was already lost. Use $25.66 as your pivot. This can see $23-24 on a strong jobs report.

Positions disclosure: Scott Redler is long BABA, BABA calls