08/19/2020

Aldrin Gonzales | August 18, 2020

S&P 500 (SPY) New all-time closing high (with a doji). Watch 330 as important support

Russell 2000 (IWM)  Weak all day. Key level to break above is 158, then 160 is resistance area. Today’s low sits right below the 10 DMA and then 153 is key support.

Dow (DIA) Weak day, found support at 10 DMA. 276.50 is pivotal support

Nasdaq (QQQ) Strong move out of 7-day range. 260 is key support level and a trendline.