If Momo Gets Worse, Here Are Some Support Levels


nflxThe $IWM AND $QQQ still look heavy on their daily charts, not so much for the Dow and S&P. If the smaller stocks do crack lower, here are some levels of support to watch on the downside.

For some of these support levels to be tagged, we will probably need to see hard crack in those indices. (3-5%?) This would also confirm a massive sector rotation out of these hooligan stocks.

$SPLK 63-65

$NFLX 330-335

$BIIB 300, 270, 250

$FEYE 53 then 43

$WDAY 85 then 75

$FUEL 43

$DATA 70

$GWRE 44-46


$VIPS -123

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