Other sectors like 
QQQ and 
IBB lost leadership and 
SPY is still hanging there. Still very choppy and range-bound with no real follow through. That is why, I will wait for reliable signal.
For me, it is break and close below that neckline $204.39.
Stop above right shoulder at $208.54, but for more active traders who want lower risks I would recommend $206.70 stop above 8/21 EMAs.
My first target will be $201, then $198.
QQQ and IBB lost leadership and SPY is still hanging there. Still very choppy and range-bound with no real follow through. That is why, I will wait for reliable signal. For me, it is break and close below that neckline $204.39.
Stop above right shoulder at $208.54, but for more active traders who want lower risks I would recommend $206.70 stop above 8/21 EMAs.
My first target will be $201, then $198.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.