Price Support Levels to Watch on the Stock Markets ETFs

Tom Gentile

Posted in
Technical Analysis

By: Tom Gentile
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.

Dia Mar 7 2022
Qqq Mar 7 2022
Spy Mar 7 2022

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.