06/01/2023

Mish Schneider | May 31, 2023

S&P 500 (SPY) 23-month MA 420-the dance Russell 2000 (IWM) 170 support - 180 resistance Dow (DIA) 327-333 trading range for the week to hold or break Nasdaq (QQQ) Not as strong a reversal top as SMH-b/c of APPL strength-but worth noting nonetheless. Regional banks (KRE) 35-42 range to watch Semiconductors (SMH) Reversal pattern top-A drop near 138 would be a decent correction Transportation (IYT) Like to see this hold 220 this week Biotechnology (IBB) 121-135 range Retail (XRT) 56.00 the 80-month

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