6/03/19

Aldrin Gonzales | June 2, 2019

S&P 500 (SPY) 277 turned out the resistance on the gap lower. More importantly, this is the first week in 2019 that this closed under the 50-WMA. Now also in an unconfirmed Distribution phase

Russell 2000 (IWM) Some support around 145. Better at 138. And resistance now at 148.40

Dow (DIA) All four indices are now below their 50-WMA. Let’s call 250 pivotal

Nasdaq (QQQ) In an unconfirmed Distribution phase on the Daily and closed under the 50-WMA as well. Over 174.54 could give it a bounce