02/27/2020

Aldrin Gonzales | February 26, 2020

S&P 500 (SPY) Officially oversold. A bounce is possible but that is different than a bottom. 320 resistance with 307.75 support. Russell 2000 (IWM) Confirmed Distribution phase -156.67 resistance w Dow (DIA) Confirmed distribution phase 272.48 pivotal Nasdaq (QQQ) Confirmed caution phase 221 pivotal resistance 216 weekly support KRE (Regional Banks) 48 support with resistance at 54.00 SMH (Semiconductors) Inside day. Range to break 140.94-134.21 IYT (Transportation) 177.40 the 200—WMA. IBB (Biotechnology) THIS WORKED PERFECTLY-117.35

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