08/12/2020

Aldrin Gonzales | August 11, 2020

S&P 500 (SPY) Big inta-day swing created and outside day that closed near low of the day and near low of yesterday. Be cautious under 332. Watch 330 as important support

Russell 2000 (IWM)  Tapped the 160 resistance area and sold off. Weak outside day.  153 key support

Dow (DIA) Stopped at logical area of resistance and closed on LOD, 270 now pivotal support

Nasdaq (QQQ) Closed under previous day low and 10 DMA. 260 is key support level and a trendline.