07/03/2023

Mish Schneider | July 2, 2023

S&P 500 (SPY) Needs one more push or begins to look a bit toppy based on lethargic momentum Russell 2000 (IWM) 190-193 still the overhead resistance to clear Dow (DIA) 33,500 major support to hold Nasdaq (QQQ) Still working off a reversal top until it takes out 372.85 Regional banks (KRE) Need a new move over 42 Semiconductors (SMH) 150 support Transportation (IYT) 250 resistance and a potential correction /mean reversion in store Biotechnology (IBB) 121-135 range Retail (XRT) 63

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