Stock Market Performance for the week February 9; DIA SPY QQQQ insights

DIA-
It's clear to see how the markets are being driven by the technical factors more than fundamentals. Even with the January job loss of 598k. The technical support is so much stronger than any bad news. We are still looking at DIA to go and hit 86. Again, we will pay close attention to the 86 level. The monthly close below is very important. If DIA close below or at 86 means a very bearish signal. Our key support line still remain at around 80. Note that this support was tested again last week. Short term resistance is at 84.

SPY-

Still is range bound between $80-$93. Look for a break above the 50 day SMA with a resistance around $90.
Don't rush to enter a trade too early. Wait for a trend or a breakout to develop. Support is still just below 80. Intraday support is at 85.

QQQQ

The QQQQs are at the top of the 3-month trading range between 29-32. Either we break or fail. But a close below 32 is more likely the case, At least for monday. If it breaks above 32, buy at 32.20 and use a trailing stop of .25. Rally above 34 changes everything and look for the 200 day SMA as the next resistance. Buy at 34.20 and use a .25 trailing stop