7/13/2017 index ETFs' signals

SP500 ETF SPY:

1. PMO buy signal was fired up today, the new high is expected to come;
2. both volume and breadth oscillators still showed upward momentum (not overbought yet);
3. support/buy zone [243, 243.5];
4. recommended trading strategy: buy dip, wait for new high, midterm upside target [248,250]

Nasdaq 100 ETF QQQ:

1. both volume and breadth oscillators showed close to overbought condition;
2. price action showed the consolidation will be still the next several sessions' trading theme, consolidation range [139.5, 141.5];
3. suport/buy zone [ 139.5, 140];
4. recommenced trading strategy: buy low sell high, mostly range trading in next trading session
5. Regard to individual stock within Nasdaq 100, there will be different strengths showed in different stocks. The ones who climbed fast several days ago may take a rest now, the ones who stayed calm will move up.  

Russell 2000 ETF IWM:

1. buy signal still exist;
2. support/buy zone [139,140];
3. recommended trading strategy: buy dip, the midterm upside target still is [148,150]

Dow Jones Industrial ETF DIA:

1. buy signal still exist;
2. support/buy zone [212.5, 214.5];
3. recommended trading strategy: buy dip, new high, mid-term upside target 218