10/27/2021

Aldrin Gonzales | October 26, 2021

S&P 500 (SPY) 454.05 Needs to hold as support. Russell 2000 (IWM) Needs to clear and hold over 229.84. Dow (DIA) 356.60 needs to hold as new support. Nasdaq (QQQ) 382.78 high to clear. KRE (Regional Banks) 71.60 support area. SMH (Semiconductors) 264.75 the 50-DMA. IYT (Transportation) Sitting in a resistance area. IBB (Biotechnology) 160.30 the 200-DMA could not hold. XRT (Retail) Watching to hold over the 50-DMA at 93.53. Junk Bonds (JNK) Showing weakness as the market runs for highs is not a positive

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