Levels to watch SPX
Support:
882.49- 20EMA
875-870
Resistance:
900
XLF-
A bear flag may be forming. Watch the ST up trendline.
Support:
11.34 (20EMA)
Resistance:
12.00
IYR- One of the few indexes that is below its 20EMA. With 50EMA being more significant then 20, watch for this level.
Support:
30.51 (20EMA)
Resistance:
32.00(520EMA)
IYT- some Dow Theory here, another index below its 20EMA. Note the failure at the 20EMA and the shooting star on Friday.
Support:
53.63
Resistance:
55.67
