02/03/2023

Mish Schneider | February 2, 2023

S&P 500 (SPY) Target 420 with 390-400 support Russell 2000 (IWM) 190 now support and 202 major resistance Dow (DIA) 343.50 resistance and the 6-month calendar range high Nasdaq (QQQ) 300 is now the pivotal area Regional banks (KRE) 65.00 resistance Semiconductors (SMH) 246 is the 23-month moving average-can she hold? Transportation (IYT) It’s like chips are on a bullet train-this 23-month MA is 244-if this overdone, chips overdone too Biotechnology (IBB) Sideways action Retail

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