SUPPORT ZONES IN THE STOCK MARKET THAT YOU NEED TO KNOW NOW $SPY $SPX $DJIA $QQQ
I am getting a large number of emails after President Trump tweeted that he’s imposing new tariffs on $300 billion of Chinese goods. Investors are obviously concerned about the market falling and are requesting information on support levels. Let’s explore with the help of a chart.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY, which represents the S&P 500 Index SPX. An advantage of using the ETF is that you can see the volume. Many retail investors focus on the Dow Jones Industrial Average DJIA, but for support levels it is best to use a chart of the SPY ETF since the big money is tied to the S&P 500.… Please click here or the title below to read more.
August 2, 2019