05/23/2024

Mish Schneider | May 22, 2024

S&P 500 (SPY) Consolidating at all time highs Russell 2000 (IWM) 210.80 ATHs remain slightly elusive Dow (DIA) 40,000 now pivotal Nasdaq (QQQ) Consolidating at all time highs Regional banks (KRE) Backed off a lot from the 23-month MA resistance Semiconductors (SMH) Made a new high but NVDA will determine whats next Transportation (IYT) 64 support 67 resistance-weak Biotechnology (IBB) 135 support 140 next resistance Retail (XRT) Broke below the 50-DMA-warning that needs to confirm

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