Trading Notebook: $XLK $VIX $PACW $SPY $IWM

By Ryan Mallory| Published On: May 2, 2023| Categories: Charts + Technical Analysis|

$XLK price level resistance and upper channel resistance pushing back on the $XLK move back to last August highs.

$VIX tried to show some life today, but in the end it wasn’t much to get excited about as it closed below declining resistance.

vix 02

$PACW massive sell-off also takes it back to 3/13 lows and breaks short-term support in the process.

pacw 02

Has anyone else every seen 27 straight red candles in a row on $SPY. Two hours in, and not a single green candle on the 5 min. Bearish spy 02

Key support breaking down on $IWM

iwm 02

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