06/02/2023

Mish Schneider | June 1, 2023

S&P 500 (SPY) 23-month MA 420 now through-so can it hold? Russell 2000 (IWM) 170 support - 180 resistance still Dow (DIA) 327-333 trading range for the week to hold or break Nasdaq (QQQ) Still a reversal until it can clear 353.93 Regional banks (KRE) 35-42 range to watch Semiconductors (SMH) Reversal pattern top-A drop near 138 would be a decent correction Transportation (IYT) Sideways action more neutral-a move over 230 would be compelling Biotechnology

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