8/9/2017 index ETFs' update

SP500 ETF: SPY

1. Both breadth and volume oscillators move south again
2. The PMO signal is sell
3. However, the oscillators' readings are in low range that the bounce can happen anytime soon
4. buyers entry: 246.5, 246, 245.68, 244.5
5. sellers entry: 247.5, 248, 249

Nasdaq 100 ETF: QQQ

1. Both breadth and volume oscillators waver to turn north
2. furthermore, the oscillators' readings are in the low range that the rebound can happen anytime soon
3. daily buy signal comes back.
4. buy entry/support: 143.5, 142.5
5. if 142.5 break down, buyers can take stop loss
6. upside target: 144.5, 145, 145.5, 146, if break out 149

SPDR Dow Jones Industrial Average ETF: DIA

1. both breadth and volume oscillators keep moving down
2. the buyers should hold fire and wait
3. no suggestion for short though 

Russell 2000 ETF: IWM

1. Although the small cap behaved the worst on 8/9, both breadth and volume oscillators turned north again
2. furthermore, the oscillators' readings are in the low range where middle of June bounce and early July bounce 
3. the daily buy signal comes back
4. support: 138.4, 137.5
5. resistance:  139.5, 140, 140.5, 141,5