The $SPY broke past the 130 level of resistance and could be headed for a test of the 50 dma near 131.90. $XLF was strong, but $SMH lagged, check the video for key levels to watch.
The market continues to show signs of stabilizing, but the choppy action of the last couple of weeks is still prevalent in the major averages. This video takes a look at key levels for $SPY $QQQ $IWM $SMH
Markets were mixed this week as they are attempting to stabilize (mainly near 200 day moving averages) but the evidence of strong buyers remains elusive.
