05/13/2021

Aldrin Gonzales | May 12, 2021

S&P 500 (SPY) 404 the 50-DMA. Russell 2000 (IWM) Next main support 208. Dow (DIA) 333.31 support area from the 50-DMA. Nasdaq (QQQ) Confirmed a cautionary phase with second close under the 50-DMA at 352.88. KRE (Regional Banks) Broke support at 67.87. SMH (Semiconductors) 216.14 next support area. IYT (Transportation) 260 support area. IBB (Biotechnology) Second close under the 50-DMA at 146.94 will confirm a distribution phase. XRT (Retail) Needs to get back over 88.47. Volatility Index (VXX) 52.02 resistance from 17-Week exponential

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