05/27/2021

Aldrin Gonzales | May 26, 2021

S&P 500 (SPY) Resistance 422.82 Russell 2000 (IWM) Watching for a second close over the 50-DMA at 221.99. Dow (DIA) Needs to clear 345 and hold. Nasdaq (QQQ) Next resistance 336.65 KRE (Regional Banks) 68.16 support. SMH (Semiconductors) 242.39 needs to hold as new support. IYT (Transportation) 267.44 support. IBB (Biotechnology) 147 support. Held the 10-DMA at 149.95. XRT (Retail) Filled the gap at 93.52. Volatility Index (VXX) Broke support. Junk Bonds (JNK) Resistance 109.17 108.67 support. XLU (Utilities) Doji day. 65.18 support the 50-DMA.

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