8/30/19

Aldrin Gonzales | August 29, 2019

S&P 500 (SPY) This cleared 290 which makes that a pivotal number. Should it fail on a closing basis, then bears gain control. 294.15 is the area this needs to clear to continue the rally

Russell 2000 (IWM) 148.00 now key support to hold for this to stay firm. But nothing terribly exciting happens for the bulls unless it clears 152-153.

Dow (DIA) 260 now key support with 266 the 50 DMA to close and hold above

Nasdaq (QQQ) 2 inside weeks., which is significant because it proves the range theory. This must clear 189.50 and close above to continue north and hold 181.50 to avoid going further south.