01/27/2020

Aldrin Gonzales | January 26, 2020

S&P 500 (SPY) Distribution Day in volume and broke the 10-DMA at 329.53 now pivotal. Russell 2000 (IWM) Support between 163.66-164.07, inside week and resistance at 167.14 Dow (DIA) Inside week. 290.80 the 10-DMA broke now pivotal. 288.14 the weekly low to hold Nasdaq (QQQ) In spite of the nasty candle and distribution in volume, this held the 10-DMA at 221.97 KRE (Regional Banks) 55.00 next support as this decidedly broke the 50 DMA SMH

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