Retracement Levels Offer Some Challenges For The Market $SPY $COMPQ $IWM $QQQ #trading #markets

The current rally off the February 9th lows looks to be tiring as the indices were turned back for a third straight session at, or near, key Fibonacci Retracement Levels. The degree and reaction to pullback from here may tell us more about the strength of the current market than the rally of the lows. Poor volume across the indices throughout todays early rally was a clue that the current run was running out of steam.

SPY

COMP

IWM

QQQ

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