25 Aug 2016 Market Review

SPY traded below 9ema
IWM was stronger and reclaimed its 9ema

A number of focus markets:
Gold could be testing the support level around 1300-1310.  If successfully tested, a swing target of around 1350 could be set up.  If it breaks down decisively, the descending triangle / double top could drive it down to 1250.

Similarly GDX and GDXJ are trading at important support levels.  Stochastics are already at oversold levels.  Similar situations in the past lead to rebounds.

IBB suffers sell off on massive volume over the past two days upon Clinton's comments.  It has plunged through the 290 support and is now trading around 200sma.  See how it reacts at these key levels.