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

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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.

spy 8_31

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 8_31 follow up

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.

baba 8_31 follow up

Positions disclosure: Scott Redler is long BABA, BABA calls