SPY closed the week above the key resistance level of 272. I’m expecting further upside next week, but I think sellers will get aggressive near the 280 price range.
DIA is still struggling to have a solid close above the 248 resistance level. If there isn’t bad news next week, I think we can retest the resistance zone near 252-254.
QQQ is still the strongest of all the indexes. QQQ is running into strong overhead resistance in the 170-172 zone. Looking at just the price action, I think the upward momentum can carry QQQ to 172 next week.
Hi, I’m Nathan. I’m currently a Junior at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.
This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the major indexes and other stocks.
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