05/28/2021

Aldrin Gonzales | May 27, 2021

S&P 500 (SPY) Resistance 422.82 Russell 2000 (IWM) Confirmed bullish phase with second close over the 50-DMA at 221.86. Dow (DIA) Needs to clear 345 and hold. Nasdaq (QQQ) Next resistance 336.65 with support 329.15. KRE (Regional Banks) 68.16 support. Resistance 71.82. SMH (Semiconductors) 242.50 support. IYT (Transportation) 267.44 support. Sitting in the middle of highs and support. IBB (Biotechnology) 151.16 pivotal. XRT (Retail) 95.46 next minor resistance level. Volatility Index (VXX) Broke support. Junk Bonds (JNK) Resistance 109.17 108.69 support. XLU (Utilities) 64.49 next support.

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