12/17/2021

Aldrin Gonzales | December 16, 2021

S&P 500 (SPY) Needs to clear 470.65 and hold. Now watching 459 support from 50-DMA. Russell 2000 (IWM) 211.08 low to hold. Dow (DIA) 354.44 support. Nasdaq (QQQ) siting on the 50-DMA at 386.55. KRE (Regional Banks) 67.95 200-Day moving average support. Very choppy. SMH (Semiconductors) 288.57 next big support the 50-DMA. IYT (Transportation) Could not clear over the 50-DMA at 267.89. IBB (Biotechnology) Held over the 10-DMA at 149.43 but still looks weak. XRT (Retail) Does not look good if can’t get back

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