7/15/2017 index ETF signals

Three major indices' breadth and volume oscillators come into a little bit overbought area. Nasdaq 100 was into overbought zone more. But all indicators have not turn south, there is no apparent sell or short signal yet. Based on the break out price action from dow industrial and sp500, the recommended next week trading strategies are


Nasdaq 100 ETF QQQ

1.  still buy dip
2. buy zone/stop [140,140.5]
3. sell  level 142.2
4. based on the downtrend line break out pattern ,the inter medium upside price target is updated 

http://schrts.co/oKr7QA

SP500 ETF SPY

1. still by dip
2. buy zone/stop [244, 244.5]
3. based on the downtrend line break out pattern, the inter medium upside target is updated to 248

http://schrts.co/jgizS6

Rusell 2000 ETF IWM

1. still buy dip 
2. buy zone/stop [139.5,140]
3. the next half of 2017 target of IWM is still at 148~150