8/28/18

| August 27, 2018

S&P 500 (SPY) 288.90 area now the immediate support to hold. In fact, if the gap down to 287.67 does not get filled, we can consider today’s action an unconfirmed runaway gap.

Russell 2000 (IWM) Meanwhile, new highs then a selloff to close right near the intraday lows. Another reversal pattern in the works? IWM will often work in tandem with IYT

Dow (DIA) 258.70 the old ATH now the pivotal support after this made a new all-time high today

Nasdaq (QQQ) 182.65 resistance now the immediate support level to hold.

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