04/11/2022

Mish Schneider | April 10, 2022

S&P 500 (SPY) Watching for a move back over the 200-DMA or a break under the 50-DMA as each is very close. Russell 2000 (IWM) In a pivotal area. Could easily break down towards the bottom of the range near 187. Dow (DIA) 343 needs to hold. Nasdaq (QQQ) Could not hold the 50-DMA at 349.52. KRE (Regional Banks) Inside day. SMH (Semiconductors) 237 - next main support. IYT (Transportation) Needs to find support or get back over 243. IBB (Biotechnology) 128 support.

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