09/06/2022

Mish Schneider | September 4, 2022

S&P 500 (SPY) 390 support held-400 level failed- Russell 2000 (IWM) Needs to clear 184.25 hold 177 Dow (DIA) Closed weak under support. 312 key  Nasdaq (QQQ) Either climbs back over 296 or more pain to 280 KRE (Regional Banks) Unconfirmed bearish phase w/ close under the 50-DMA SMH (Semiconductors) 215 resistance and 205 support IYT (Transportation) Unconfirmed bearish phase w/ close under the 50-DMA-if fails more Tuesday, pain IBB (Biotechnology)125 resistance 117 support XRT (Retail) 64.50 resistance and 62.00 6-month calendar range

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