8/08/19

Aldrin Gonzales | August 7, 2019

S&P 500 (SPY) Support at the swing low, 281.72. Big support area is 280 to 277.70 (the 200 DMA). Resistance at 288.82 and gap fill at 290.90.

Russell 2000 (IWM) Support at the swing low, 146.21. Next big support is 145.30. Resistance at 150 and gap fill at 151.28 which is also near the 2000 DMA

Dow (DIA) Made a new swing low today. Support at the swing low, 254.36. Next support levels are 252.50 and 247. Resistance at 261.15 and gap fill at 262.43.

Nasdaq (QQQ) Closed over prior 2-day range. Swing low is at a trendline from the December 2018 low. Support at Tuesday’s low, 181.07, the swing low, 179.20. Big support is the 200 DMA at 175.65.