9/19/2018

Mish Schneider | September 18, 2018

S&P 500 (SPY) 289.50 pivotal area which means above good was 5 ticks below today’s low.  Now, 291.74 the current all-time high. Subscribers: Positive Pivots in all

Russell 2000 (IWM) 170 still pivotal and this really needs to get at least over 171. 172 even better

Dow (DIA) This has not sold off much in the last several weeks and now, can brag new all-time highs.

Nasdaq (QQQ) Inside day. This is the index still working off a reversal topping pattern after making new highs 3 weeks ago. The 50 DMA is at 181.05.

KRE (Regional Banks) 61.26 the 50-week MA-and a key for the end of this week

SMH (Semiconductors) Confirmed warning phase. In a week this went from bullish to warning to distribution, back to warning and then bullish. Started this week back to unconfirmed warning and confirmed it today. 104.05 the big swing area for the end of the week with the overhead 50 DMA at 106.40 pivotal area to clear/hold.

IYT (Transportation) 206.70-207.22 pivotal area. If fails to hold, 203 next big support. Otherwise, the ATH is at 209.43

IBB (Biotechnology) 117.83 the 50 DMA resistance and 115 next support.

XRT (Retail) 51.80 a good spot for this to recapture. The 50 DMA below is at 50.80

IYR (Real Estate) 82 pivotal support

XLU (Utilities) Like better back above 54.59 then 55. A close over 54.77 should do it

XLP (Consumer Staples) 54.40 support now

GLD (Gold Trust) Until the dollar breaks down, stay aside

XME (S&P Metals and Mining) 33 major support to hold and prefer to see this clear 35.00

URA (Uranium) Aside until this clears over 13.50

USO (US Oil Fund) Filled the gap to 14.76. Now, if holds 14.30 I’m thinking this has way more upside.

XOP (Oil and Gas Exploration)

XLE (Energy) May be time to keep an eye here-a close over 75 looks better

TAN (Solar Energy) Interesting reversal candle-like FSLR if clears 50.00

TLT (iShares 20+ Year Treasuries) Broke the support at 118-118.50. Under 116-ouch!

UUP (Dollar Bull) 25.01-24.80 big support 25.42 resistance

FXE (Euro) 111 pivotal support

FXI (China) Holding the 200-week MA at 41.08 for now. 42.25 the 50 DMA

EEM (Emerging Markets) Ideally, like to see this hold 41.80

GREK (Greece) Took a chance over 8.25 with risk to under 8.00

MJ (Alternative Harvest ETF) 40 resistance

LIT (Lithium) Unconfirmed recovery phase

JJOFF (Coffee) new lows

Soybeans (SOYB) new lows-

DBC (Commodities Index) 17.05 the 200 DMA