Oct 1 2019 - S&P Breaks Support

The S&P 500 ETF (SPY) finished the day well below its 50-day SMA and printed its third bearish engulfing pattern in two weeks. The next technical target is about $8 to $10 lower (or 80 to 100 SPX points).

The Dow Jones ETF (DIA) also closed below its 50-day SMA as well, ending the bulls edge on the daily chart. I also cover TLT, GLD, AAPL, GOOGL, K, ULTA, MCD and more.

Have a great day!

Ron

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