Key Trading Levels

March 11, 2019

Mish's Daily

By Geoff Bysshe

 Mish’s Daily was written by Geoff Bysshe, President, MarketGauge, and will only have the day’s key levels:

S&P 500 (SPY) Big range day. Look for support at the pivot area, 277.50 and 277. Next resistance is 280, and then the swing high are at 281.87.

Russell 2000 (IWM) 153.20 should be support. Near-term resistance at 155, then 156.20.

Dow (DIA) Support at 255. Resistance at the 10-DMA, 258 then more at 259.

Nasdaq (QQQ) Massive up day, stopped at reasonable resistance at 175. Swing high is 175.79. Next resistance is at 178.25. Look for support at 17380-.50.

KRE (Regional Banks) Back over 54.21 the 10-DMA. 55.75 is the big resistance. Look for support at 54.40.

SMH (Semiconductors) Closed on the 10-DMA. 104.70 is the next level to clear. Support at 102.50-102.00.

IYT (Transportation) Mish got the bounce she was looking for here – biggest up day since Jan. 18th. Support at 185. 10-DMA at 187. More resistance at 188.

IBB (Biotechnology) Closed at 200-DMA. Support at 110. Resistance, including 10-DMA at 112.

XRT (Retail) Stopped at logical resistance at 45. 10-DMA is at 45.40. Look for support at 44.70.

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