08/17/2020

Aldrin Gonzales | August 16, 2020

S&P 500 (SPY) Double Doji pattern within Wednesday’s range. Be cautious under 332. Watch 330 as important support

Russell 2000 (IWM) Double inside day pattern broke the pattern low and recovered. Key level to break above is 158, the160 is  resistance area and 153 key support.

Dow (DIA) Third consolidation day. 270 now pivotal support

Nasdaq (QQQ) Consolidation day sitting on the 10 DMA. 275 is the all-time high level to break.  260 is key support level and a trendline.