S&P 500 (SPY) Second close over the 50 DMA confirms the bullish phase, but it’s right under the 100 DMA. Next big resistance at 275. Expect support at 268 - 270.
Russell 2000 (IWM) continued to run like a leader, but closed in decisively at stopping at logical resistance. Look for support at 155.50-156 then at Friday’s low and 152.
Dow (DIA) Respectable consolidation day considering IBM weighed it down. Key support around 245, support at 241.40 and 235.
Nasdaq (QQQ) Nice consolidation day. Next big resistance area 169.50-170. The 50-DMA is 163.87 is now initial support, then 161 then 160 and 159.25. Then 153 is the big low level.
