12/07/2021

Aldrin Gonzales | December 6, 2021

S&P 500 (SPY) 449 support. Russell 2000 (IWM) 212 support area. Dow (DIA) Watch to clear and hold over the 50-DMA at 353.04. Nasdaq (QQQ) 379 support from recent lows. KRE (Regional Banks) needs to clear and hold over 10-DMA at 71.84. SMH (Semiconductors) Major pullback into support area. Needs to hold over 297. IYT (Transportation) Will confirm a bullish phase with second close over the 50-DMA at 264.82. IBB (Biotechnology) With its continued breakdown—needs to find support. XRT (Retail) 93.59 needs to clear.

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