Updates for Friday 5/14/21

Entry/exit signals for SPY QQQ TQQQ IWM SPX NDX based on VIX.
Click here for our Signal Trades. 

Updates 2:30 AM EST- Friday 5/14/21
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​Perspective
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
$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.   ​

​Click here for our latest buy targets in Signal Trades.

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