9/25/19

Aldrin Gonzales | September 24, 2019

S&P 500 (SPY) 294.81 is the 50-DMA. The slope is negative. Therefore, the chance of a pop is not dead. However, until it clears 300 again, I would not get too long.

Russell 2000 (IWM) “155 must hold (closing basis) or we will see a move closer to 152.25 or its 50-DMA”. From last night-uh-huh. 152.14 the 50-DMA then next support is at 151.10.

Dow (DIA) “We want to see this hold 266.50” Miraculously it did.

Nasdaq (QQQ) “192 immediate resistance and could easily see 189.44 the 50-DMA or worse, down to 187.37 next” Today’s low was 187.15. Now in an unconfirmed caution phase.