Levels To Watch On SPX, RUT, IYT

Good Morning Again! Here are the levels I am watching on the S&P500, the Russell 2000, and the Dow Transports ETF (IYT). SPX Support: 1320, 50 day moving average (yellow line), 1310, 1300.   SPX Resistance: 1340, 1345.   I still see a potential final SPX upside target somewhere between 1380 and 1450. RUT Support: […]

Major Top in Dow Transports?

this chart from one of the readers from businessinsider.com is key to watch and is very much in line with our forecasts beyond the next few weeks.