05/18/2022

Mish Schneider | May 17, 2022

S&P 500 (SPY) 410 resistance. Russell 2000 (IWM) Watch to hold over 179.27. Dow (DIA) 325.25 the 10-DMA to hold. Nasdaq (QQQ) 303.93 the 10-DMA to hold. KRE (Regional Banks) support 58.75. SMH (Semiconductors) 248.17 next resistance. IYT (Transportation) 235-239 resistance. IBB (Biotechnology) 115-118 resistance area. XRT (Retail) 70 resistance. GLD (Gold) 171.48 the 200-DMA to clear. USO (oil) failed to hold 82.41. This is a pivotal price area. DBA (Agriculture) Like soft commodities, but don’t see an entry spot

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