02/01/2022

Mish Schneider | January 31, 2022

S&P 500 (SPY) Now watching to hold the 200-DMA at 442.58 as new support level. Russell 2000 (IWM) Needs to hold the 10-DMA at 199.44. Dow (DIA) 349.93 200-DMA to hold. Nasdaq (QQQ) 365.90 resistance from 200-DMA. KRE (Regional Banks) 72.32 resistance area. SMH (Semiconductors) Watch for another close over the 10-DMA at 272.78. IYT (Transportation) 261-263 resistance. IBB (Biotechnology) Clean reversal pattern over the 10-DMA at 129.18. XRT (Retail) 82.29 to clear. Junk Bonds (JNK) 104.43 support. SLV (Silver) 20.35 next support area. USO (US

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