9/05/19

Aldrin Gonzales | September 4, 2019

S&P 500 (SPY) Watch this carefully. 294 is the 50-DMA to clear and confirm. A gap above tomorrow could be worth a good daytrade at least. 290 is max risk

Russell 2000 (IWM) 148.00 the pivotal area failed. A move back above is positive. If it cannot hold above that level, selling pressure remains

Dow (DIA) 265.60 is the 50-DMA. 260 major support to hold

Nasdaq (QQQ) The 3rd inside week. That makes last week’s range super important.  Above 188.97 stronger and below 182.91 weaker. 188.80 is the 50-DMA. I’d follow the range break either way