loomane85

New Highs Or Time To Rollover?

BATS:SPY   SPDR S&P 500 ETF TRUST
The 3 Major indexes $QQQ $DIA $SPY are currently located in key important areas that could set the tone for 4th quarter. Technically Markets are trailing higher BUT fundamental's are weighing in the background. PMI's for both ISM & NMI are starting to contract and this will have an effect on GDP in time to come. If Price breaks below $297 $SPY could return back to August range breakout level at $294.04.
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