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SPY, QQQ & IWM Support & Resistance Levels To Watch

The major stock indices (SPY, QQQ, IWM) experienced stick-saves on the final 60-minute candles yesterday. On SPY, a break & 60-min close below 253.87 should bring the S&P 500 tracking ETF back down to the bottom of the yellow price channel & possibly the 250.26 level. On QQQ, watching for a break & 60-min. close below this trendline for the first sell signal in months. IWM managed to close 2 cents above the 149.42 support level following a late-session intraday pop below. Awaiting a break & 60-min close below that level to spark a pullback down to at least this 60-minute uptrend line.

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Oct 10, 2017 9:11am|Categories: Equity Market Analysis|Tags: , , , , , |0 Comments

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