Entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX.
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Updates 2:30 AM EST- Friday 5/14/21
Friday's economic reports are likely to move the market into another big swing. The question is which way. The answer is both. We'll explain below.
Table of Support & Resistance Zones
The S/R table below has been updated. The green support zone is where this current major pullback may end. The orange resistance zone is short-term strong resistance level.
Read the rest of this analysis, and get the latest entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX here.
$NDX weekly chart shows a bearish divergence between price and RSI. This is yet another indicator that echos the bearish message from A/D and Put/Call ratio.
This tells us that while we may see enthusiastic bounce from recent drops, in the big picture context, $NDX (like IWM) is quite vulnerable.
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