08/04/2023

Mish Schneider | August 3, 2023

S&P 500 (SPY) Between earnings and NFP watching 450 pivotal Russell 2000 (IWM) 191 is the 23-month holy grail 193 July 6-month range hi Dow (DIA) 35,000 support Nasdaq (QQQ) 365-380 range Regional banks (KRE) Back over 48 looks ok and under 44 not so much Semiconductors (SMH) 161 now more in the rear view-150 in focus Transportation (IYT) July 6-month calendar range high at 259.30 Biotechnology (IBB) Compression between 123-130 Retail (XRT) 66-67.40 short-term

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