05/09/2023

Mish Schneider | May 8, 2023

S&P 500 (SPY) 23-month MA 420 Russell 2000 (IWM) 170 support - 180 resistance Dow (DIA) Over the 23-month MA-only index Nasdaq (QQQ) 329 the 23-month MA Regional banks (KRE) 42 now pivotal resistance Semiconductors (SMH) Split 2:1 now above 23-month MA at 124 Transportation (IYT) 202-240 biggest range to watch Biotechnology (IBB) 121-135 range to watch from monthly charts Retail (XRT) 56-75 trading range to break one way or another

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