ETF Resistance Points

By Tim KnightETFsOct 16, 2018 02:50PM ET

www.investing.com/analysis/etf-resistance-points-200348716/

ETF Resistance Points

By Tim Knight | Oct 16, 2018 02:50PM ET

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US2000

+0.19%

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DIA

+1.46%

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IYR

+0.74%

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QQQ

-0.24%

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ESZ3

-0.09%

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IWM

+0.36%

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In my weekend post, What Comes Next, I pointed out 2800 as an important price level. Well, the ES has ripped right up to it (as I’m typing this, the ES is up nearly 50 breathtaking points, just beneath 2800). Does it stop here? Very hard to say. Some sectors (like homebuilders) are incredibly beaten-down and have tons of room to the upside, potentially. Other items are at very interesting shortable levels.

Here are a few key ETFs and what I believe are meaningful resistance pointsthat, if crossed, will mean “leg two” of this countertrend bounce will kick in.

Invesco QQQ Trust Series 1 (NASDAQ:QQQ)

Invesco QQQ Trust

iShares Russell 2000 (NYSE:IWM)

iShares Russell 2000

SPDR Dow Jones Industrial Average (NYSE:DIA)

SPDR Dow Jones Industrial Average

iShares US Real Estate (NYSE:IYR)

iShares US Real Estate

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6.50%

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12.25%

Dec 13, 2023

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ETF Resistance Points

Invesco QQQ Trust Series 1 (NASDAQ:QQQ)

iShares Russell 2000 (NYSE:IWM)

SPDR Dow Jones Industrial Average (NYSE:DIA)

iShares US Real Estate (NYSE:IYR)

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