Stocks are getting smashed to start the week off, reversing the typical Monday gap higher routine. It isn’t just here in the US; it is around the globe today. Germany and the UK are both trading lower by over 3%. The S&P 500 futures are now trading below that critical level of support mentioned yesterday in the 9 Themes for the week video. 

S&P 500 (SPY)

The S&P 500 ETF is also trading support at 329.40 and is heading towards its next level of support around $323.60. 

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Nasdaq 100 (QQQ)

Meanwhile, the Qs are trading well below support at $264 and challenging the lows from Friday. 

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Dollar (DXY)

The dollar is also getting ready for its massive break out to come as it completes that bull flag pattern. 

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Gold (GLD)

Gold is also falling this morning and is getting very close to breaking support at $1925. 

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Financials (XLF)

The financials are breaking down today, with the XLF falling below $24.20, and that significant uptrend we have been watching closely. 

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Square (SQ)

Square is trading down by 3% pre-market and is breaking that significant uptrend we have tracked. The next stop on this one is probably around $118.

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Apple (AAPL)

Apple is now filling the gap trading around $104, which means the next stop is likely to come at $96. 

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DocuSign (DOCU)

DocuSign is just waiting to break that support level at $191, and I’m eager to see it happen, with the next stop at $160. 

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Microsoft (MSFT)

Microsoft is falling below support at $198.25, with the next significant level around $187. 

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Have a good one!