Markets retreated yet again with the key US indexes trading down about -3% on average, led by the NASDAQ 100 and the Russell 2000. The rotation out of growth stocks into commodity plays continued this week as well as stronger …
S&P 500 (SPY) Touched the 50-DMA at 331.65 and held. Needs to hold that and clear 338
Russell 2000 (IWM) Support down to 146 but under the 50 DMA at 150.75 and in caution phase
Dow (DIA) Inside day above …
S&P 500 (SPY) Touched the 50-DMA at 331.65 and held. Needs to hold that and clear 338 Russell 2000 (IWM) Support down to 146 but under the 50 DMA at 150.75 and in caution phase Dow (DIA) Inside day above …
S&P 500 (SPY) 332.88 support
Russell 2000 (IWM) Next Support 149. Watching for confirm under 50-DMA
Dow (DIA) 284 resistance 272.40 Support
Nasdaq (QQQ) Sitting on 50-DMA as support. Watching for a bounce or break with resistance at 287…
S&P 500 (SPY) 332.88 support Russell 2000 (IWM) Next Support 149. Watching for confirm under 50-DMA Dow (DIA) 284 resistance 272.40 Support Nasdaq (QQQ) Sitting on 50-DMA as support. Watching for a bounce or break with resistance at 287 KRE …
S&P 500 (SPY) Turns out an inside day with 342.64 point to clear, 332.88 support
Russell 2000 (IWM) 153 resistance to clear and 150.50 support to hold
Dow (DIA) 284 resistance 275 support then 272.40
Nasdaq (QQQ) 281, 289 resistance …
S&P 500 (SPY) Turns out an inside day with 342.64 point to clear, 332.88 support Russell 2000 (IWM) 153 resistance to clear and 150.50 support to hold Dow (DIA) 284 resistance 275 support then 272.40 Nasdaq (QQQ) 281, 289 resistance …
S&P 500 (SPY) 329 support
Russell 2000 (IWM) Broke 50-DMA watching for a continue
Dow (DIA) 271 support
Nasdaq (QQQ) Sitting on 269 50-DMA. Watching for break lower.…
S&P 500 (SPY) 329 support Russell 2000 (IWM) Broke 50-DMA watching for a continue Dow (DIA) 271 support Nasdaq (QQQ) Sitting on 269 50-DMA. Watching for break lower. KRE (Regional Banks) Also sitting on 50-DMA SMH (Semiconductors) Next support 159 …
Market Bias: Bullish / Caution Longs: F - Expansion Day DOYU - 123 Pullback (Chinese communication) Shorts: MPW - Inside Day
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