The markets started the week with a sell off that was quick and deep on the heals of the Greece downgrades. How long the crisis in Europe continues, and how far it spreads to other countries, will be key to U.S. market reaction. For now though it seems that no bad news, is well, good news for stocks. Especially since Uncle Ben B. from the FED is keeping interest rates at 0.00%.
Nasdaq 100 (NDX)
First support is at 2000.77. First resistance is now at 2039.50.
For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $49.20. First resistance is at $50.21.
S&P 500 (SPX)
First support is now at 1175.12. First resistance is at 1197.41.
For the Standard & Poor’s Depository Receipts (SPY) first support is at $117.60. First resistance is at $120.
Russell 2000 (RUT)
First support is now at 715.62. First resistance is now at 738.28.
For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $71.46. First resistance is at $73.83.
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