The SP500 closed at 1966.97 and stayed above the 1948.04 support level. It gained 8.94 points or 0.46%. The short term level it needs to get above is 1993.48. If it can get above this level, then the 2040.24 will be in play. In addition, the measured move target of the ascending triangle could also be in play. The 80% measured move target for this ascending triangle is near 2100. If it fails to hold the 1948.04 support, then the 1913.85 is the next potential intermediate support level.
SPX
(click on the chart to enlarge)
The SPY closed at 196.46 with a gain of 1.01 or 0.52%. The near term support levels are 195.45 and 190.73, and the resistance levels are 199.84 and 204.40.
SPY
While the market is trying to get back to the level prior to the 8/21/2015 breakdown, FB has been climbing steadily toward its all time high. The weekly chart for FB shows it is still trending within a rising price channel.
FB - weekly
It appears to have been under accumulation and have been up for eleven consecutive days. The near term support is 90.99 and the resistance level it needs to overcome is 97.09. If it can move above this resistance level, then the all time high could be in play. The near term upper channel trendline level is near 105, and that could be the potential target for FB in the near term.
FB - daily
