06/07/2023

Mish Schneider | June 6, 2023

S&P 500 (SPY) August 2022 high 431.73-and of course 420 now key Russell 2000 (IWM) 180-now must hold while still miles from its 23-month MA 193 Dow (DIA)  23-month MA 337 pivotal Nasdaq (QQQ) 370 resistance 350 now closest support Regional banks (KRE) 42.00 pivotal Semiconductors (SMH) 142.50 the 10-DMA held on this correction so far Transportation (IYT) 230 level is key Biotechnology (IBB) 121-135 range Retail (XRT) Granny cleared 60-rotation to value and beat up discretionary is a good sign

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