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Levels To Watch On SPX, RUT, IYT

Apr. 12, 2011 7:47 AM ETIYT, SPY
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Good Morning!

Here are the levels I am watching on the S&P500, the Russell 2000, and the Dow Transports ETF (IYT).

SPX Support: 1320, 50 day moving average (yellow line), 1310, 1300.

SPX Resistance: 1340, 1345.

I still see a potential final SPX upside target somewhere between 1380 and 1450.
SPX

RUT Support: 830, 50 dma (yellow line), 800

RUT Resistance: 860

Remember, the Russell 2000 made an all-time high last week at 860, as such that is my reference point of resistance.
Russell 2000 (RUT)

IYT Support: 94, 50 dma (yellow line), 91.50

IYT Resistance: 98

Dow Jones Transports (<a href='https://seekingalpha.com/symbol/IYT' title='iShares Transportation Average ETF'>IYT</a>)


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