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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.