SPY, QQQ & IWM bounce incoming likely
Far from my computer, so quick market update:
$iShares Russell 2000 ETF(IWM)$ Oversold relative to the Bollinger bands, Stochastic, and Williams%R. bounce incoming likely.
$SPDR S&P 500 ETF Trust(SPY)$ Most of the down move is in, but this one is not oversold relative to Stochastic, just the Bollinger bands, any bounce can vanish quickly, use levels.
$Invesco QQQ(QQQ)$ Reached the lower Bollinger bands, but it’s not oversold and any bounce can find rejection at the 50DMA.
Use the levels to manage risk.
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