Posted in Technical Analysis
By: Tom Gentile on March 7th, 2022 • 1 min read
A Brutal Day for Stock Market Bulls
Today was a horrible day of trade for the bulls.
The Dow Jones Industrial Average closed down 2.37%.
The Nasdaq Composite lost 3.6% and is clearly in bear market territory as it is 20% off its all-time highs.
The S&P500 fell further in to correction territory having ropped nearly 3% on the day.
Price Support Levels on the ETF’s for the Big Three Stock Market Indices
An ETF for the Dow Jones Industrial Average is DIA, an ETF for NASDAQ stocks is QQQ and for the S&P 500 you have SPY.
Here are the respective charts and the horizontal support lines that must hold or else these securities could slide further.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.