04/22/2020

Aldrin Gonzales | April 21, 2020

S&P 500 (SPY) 277.50-280 Resistance with 270 then 265.50 best support Russell 2000 (IWM) inside week. Under 114.56, next suppport is 113.24. Should that fail, IWM see 102.  Over 124.88, can see 134 Dow (DIA) 235 resistance then 237.45. Support 225-226 Nasdaq (QQQ) 203.65 the 50-DMA, then support 198. Over 213.30 better KRE (Regional Banks KRE) 37.52 resistance 30.50 support SMH (Semiconductors) inside week, if SMH fails to hold 122.78, extreme caution all around. IYT

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