02/22/2022

Mish Schneider | February 20, 2022

S&P 500 (SPY) Watching for a reversal near the bottom range around 430. Russell 2000 (IWM) 199 pivotal. Dow (DIA) 338 next support area. Nasdaq (QQQ) Sitting in support around 341. KRE (Regional Banks) Support 72.87 the 50-DMA. SMH (Semiconductors) 261.76 minor support. IYT (Transportation) Looks like a mess. Very choppy and can’t seem to hold over the 50-DMA at 266.37. IBB (Biotechnology) 122.50 next support. XRT (Retail) Stuck in a range.  75.62 low of range

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