7/25/2015 index ETFs' signal

SP500 ETF SPY:

1. both breadth and volume oscillators turn north again
2. bullish percentage index keeps climbing up and not top out yet
3. buy/sell signal: daily buy signal still exist, buy dip
4. buy entry/support: 246.75 (gap fill)/246; 245.5/244.5
5. upside resistance/target:
• resistance: 247.75
• target: 248.75 after break out 247.75

RUSSELL 2000  ETF IWM:

1. both breadth and volume oscillators turn north again
2. the price made all time new high today
3. buy/sell signal: daily buy signal still exist, buy dip
4. buy entry/support: 143.25; 142.75; 142; 141.25
5. upside resistance/target:
• resistance: 144.25
• target: 145.25 after break out 144.25

NASDAQ 100 ETF QQQ:

1. both breadth and volume oscillators keep moving lower
2. bullish percentage index seesaw to lower
3. buy/sell signal: daily buy signal still exist, buy dip
4. buy entry/support: 143.5; 142.5; 141.5
5. upside resistance/target;
• resistance: 144.75
• target: 145.5/146 after break out 144.75

Dow Jones Industrial average ETF DIA has same set up as SPY. It is also buy dip.

Within all these indices ETFs, QQQ is weakest so far and should still under performs in short term. 

ES levels:

1. supports: 2468, 2461
2. pivots: 2473
3. resistance: 2480, 2486