$SPX Holds Strength as $NDX Nears Resistance and $IWM Extends

S&P 500 Index continues to show strong momentum despite overbought conditions, with key support now defining the trend.

Meanwhile, NASDAQ 100 Index and iShares Russell 2000 ETF remain bullish, but extended setups increase the risk of near-term pullbacks.

1. $S&P 500(.SPX)$

From free fall to anti-gravity. In three weeks, the shift in sentiment has been remarkable. Price action breached the upper Band under overbought conditions.

While indecisive candles precede pullbacks, today’s candle shows conviction. $6,930 is the key support to watch.

2. $NASDAQ 100(NDX)$

A gap-up at the open is coming. Given the overbought oscillator, it's prudent to avoid chasing longs.

Price action remains bullish above $25,256.6, while $25,514.1 is a key daily resistance level worth watching.

3. $iShares Russell 2000 ETF(IWM)$

Momentum continues, don't fight the trend. Anyway stay alert for the Bollinger Band breach + overbought RSI combo, which usually triggers a (healthy) pullback. The gap may act as a magnet soon.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Given the overbought oscillator, it's prudent to avoid chasing longs.</p>\n<p>Price action remains bullish above $25,256.6, while $25,514.1 is a key daily resistance level worth watching.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b8a177274ad089736173d70a89a9c864\" tg-width=\"680\" tg-height=\"444\"><span> </span></p>\n<h2 id=\"id_3300697553\">3. <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a></h2>\n<p>Momentum continues, don't fight the trend. Anyway stay alert for the Bollinger Band breach + overbought RSI combo, which usually triggers a (healthy) pullback. The gap may act as a magnet soon.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b26fdf5b74dcfae9a69bf18a517e7ff2\" tg-width=\"679\" tg-height=\"497\"><span> </span></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p>S&amp;P 500 Index continues to show strong momentum despite overbought conditions, with key support now defining the trend.</p>\n<p>Meanwhile, NASDAQ 100 Index and iShares Russell 2000 ETF remain bullish, but extended setups increase the risk of near-term pullbacks.</p>\n<h2 id=\"id_129691317\">1. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a></h2>\n<p>From free fall to anti-gravity. In three weeks, the shift in sentiment has been remarkable. Price action breached the upper Band under overbought conditions.</p>\n<p>While indecisive candles precede pullbacks, today’s candle shows conviction. $6,930 is the key support to watch.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/2a32528fb622eff2796a51576b5ddc6b\" tg-width=\"680\" tg-height=\"493\"><span> </span></p>\n<h2 id=\"id_381323421\">2. <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a></h2>\n<p>A gap-up at the open is coming. Given the overbought oscillator, it's prudent to avoid chasing longs.</p>\n<p>Price action remains bullish above $25,256.6, while $25,514.1 is a key daily resistance level worth watching.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b8a177274ad089736173d70a89a9c864\" tg-width=\"680\" tg-height=\"444\"><span> </span></p>\n<h2 id=\"id_3300697553\">3. <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a></h2>\n<p>Momentum continues, don't fight the trend. Anyway stay alert for the Bollinger Band breach + overbought RSI combo, which usually triggers a (healthy) pullback. The gap may act as a magnet soon.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b26fdf5b74dcfae9a69bf18a517e7ff2\" tg-width=\"679\" tg-height=\"497\"><span> </span></p>\n<p></p></body></html>","text":"S&P 500 Index continues to show strong momentum despite overbought conditions, with key support now defining the trend. Meanwhile, NASDAQ 100 Index and iShares Russell 2000 ETF remain bullish, but extended setups increase the risk of near-term pullbacks. 1. $S&P 500(.SPX)$ From free fall to anti-gravity. In three weeks, the shift in sentiment has been remarkable. Price action breached the upper Band under overbought conditions. While indecisive candles precede pullbacks, today’s candle shows conviction. $6,930 is the key support to watch. 2. $NASDAQ 100(NDX)$ A gap-up at the open is coming. Given the overbought oscillator, it's prudent to avoid chasing longs. Price action remains bullish above $25,256.6, while $25,514.1 is a key daily resistance level worth watching. 3. $iShares Russell 2000 ETF(IWM)$ Momentum continues, don't fight the trend. Anyway stay alert for the Bollinger Band breach + overbought RSI combo, which usually triggers a (healthy) pullback. 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