(Pivotal means short-term bullish above that level and bearish below) S&P 500 (SPY) Starting to feel more like a top-back under the 50-DMA Russell 2000 (IWM) Sitting right on the 50-DMA still leading Dow (DIA) Back to an unconfirmed caution phase Nasdaq (QQQ) Confirmed caution and now must hold 590 Regional banks (KRE) Ugly candle-the kind that makes you think of March 2023 Semiconductors (SMH) Still strong-watch carefully-key here is if SMH can stay strong Transportation (IYT) Decent consolidation and still holding Biotechnology (IBB) Good consolidation
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