Steversteves

Monday Market Update: SPY, QQQ, IWM

AMEX:IWM   iShares Russell 2000 ETF
Hey everyone,

Posting my Monday market outlook.

Targets are as follows:

SPY:
Bullish Condition: 358.36
Bearish Condition: 456.18

High target (if bullish condition) 464
Low target (if bearish condition) 450

IWM:
Bullish Condition: 197.58
Bearish condition: 195.99
High target (if bullish condition) 200
Low target (if bearish condition) 192

For tech, I am looking at 385 to the upside.
If that is broken the immediate targets are 389 followed by 391.
If we break to the downside, the targets are 378 followed by 375.


My thoughts,
Safe trades!

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