08/11/2023

Mish Schneider | August 10, 2023

S&P 500 (SPY) 450 pivotal 440 support at the 50-DMA Russell 2000 (IWM) 191 is the 23-month holy grail 194 July 6-month range hi Dow (DIA) 35,000 support Nasdaq (QQQ) 362-382 range Regional banks (KRE) 48 pivotal Semiconductors (SMH) 161 resistance-150 in focus Transportation (IYT) July 6-month calendar range high at 259.30 and 254 some support Biotechnology (IBB) Compression between 123-130 Retail (XRT) 66-67.40 short-term range (closing levels matter)

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