September 10, 2018
By Mish Schneider
No Commentary tonight-Levels Only
S&P 500 (SPY) 286.50 support to hold (or we will see 283 next) with a move back over 289.50 better. I’d like to see this move up tomorrow as this rally was pretty shallow.
Russell 2000 (IWM) 170 big support to hold, and now, if has anything, it must clear/close over 172.
Dow (DIA) Closed right on 259, the pivotal support to hold
Nasdaq (QQQ) Inside day today. 179.90 the 50 DMA to hold and now, over 182.67 at least will clear the outside day and keep this in the game.
KRE (Regional Banks) Like to see this continue to hold 62.45 and clear 64.00
SMH (Semiconductors) Unconfirmed bullish phase. Has to hold 106.15 on a closing basis to confirm the bullish phase or under 105.50 trouble.
IYT (Transportation) New all-time high today. That makes 206.90 the old high pivotal support
IBB (Biotechnology) 115-116 next area of support and 120 now becomes the pivotal resistance
XRT (Retail) 50.44 is the 50 DMA. Over 52.00 could see 60.00