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Initial Key to End the Week: SPX Above 50 Day Moving Average

David Wienke

SPX held above its 50 day moving average yesterday and this will be our initial key to end the week; a settle below turns negative targeting the 200 day avg


I still like Dec RUT as rolling front month contract as negative below 828 area short term


NDX broke back below its 200 day avg which has been very pivotal lately; would extend lower below its .382 retracement support


The NASDAQ Composite is holding above its 200 day avg giving a slightly mixed theme for now


ND volatility settled above its 200 day avg and will be initial key here with the .382 as pivotal s/t


VIX is below its 200 day avg and mixed


DIA versus QQQ may revisit its pivotal resistance area; would go with upside momentum above here