04/28/2020

Aldrin Gonzales | April 27, 2020

S&P 500 (SPY) Rallied into resistance at 287-288. Momentum is also into resistance so watch for a hold of 285 to stay healthy

Russell 2000 (IWM) Rallied right to the 50-DMA. However, momentum gained and this is nearly in line with SPY’s relative performance

Dow (DIA) In an unconfirmed recuperation phase with momentum and price performance into resistance. 235 resistance then 237.45. Support 225-226

Nasdaq (QQQ) Ran into resistance at 216, with momentum slowing and relative performance beginning to show some fatigue.