S&P 500 (SPY) Resistance 442 area. Watching to hold over 434. Russell 2000 (IWM) Tight consolidation in its range. Support 216.76. Dow (DIA) 350 resistance. Nasdaq (QQQ) 350 next support. KRE (Regional Banks) Created a bearish engulfing pattern. Needs to get back over 70. SMH (Semiconductors) Needs a close over the 10-DMA at 255.23. IYT (Transportation) Broke the 50-DMA at 251.31. IBB (Biotechnology) 153.38 support. XRT (Retail) A second close under the 200-DMA at 89.27 will confirm a distribution phase. Junk Bonds (JNK) Watching
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