9/04/19

Aldrin Gonzales | September 3, 2019

S&P 500 (SPY) 290 held. A gap below today’s low or 289.27 should bring in a lot more sellers. Then, we are looking at next support closer to 280. Keep 290 as the key pivotal area and if this can rally, a place holder for stops.

Russell 2000 (IWM) 148.00 the pivotal support failed. A move back above is positive. However, if this fails to hold above 148, we are looking at 140.50

Dow (DIA) 260 now key support. Strongest sector today. Below 260 trouble.

Nasdaq (QQQ) 2 inside weeks now into the 3rd inside week. That makes last week’s range super important.  Above 188.97 stronger and below 182.91 weaker. I’d follow the range break either way