01/31/2023

Mish Schneider | January 30, 2023

S&P 500 (SPY) Resistance met and price retreated 390-400 to hold. Russell 2000 (IWM) More worrisome as we had a glass ceiling high. Could mean a visit to 177 if cant clear Fri highs Dow (DIA) Gentler correction which has bode well for the industrials since December Nasdaq (QQQ) Like IWM a glass ceiling high. 280 not crazy to see Regional banks (KRE) Keep watching to see if holds 60 then 57 Semiconductors (SMH) Like

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