05/27/2020

Aldrin Gonzales | May 26, 2020

S&P 500 (SPY) Although the high was 302.19, SPY closed under 299.56 or the 200-DMA. 295 support Russell 2000 (IWM) 136.85 support with 140 pivotal Dow (DIA) 247.67 support Nasdaq (QQQ) Potential reversal pattern-A close under 228.79 tomorrow would confirm KRE (Regional Banks) 40 resistance 37.50 support then 36.00 SMH (Semiconductors) Also possible reversal pattern. IYT (Transportation) 153 possible support IBB (Biotechnology) Disappointing move lower-looking at 128 support XRT (Retail) 39.28 support 40.50 resistance Volatility

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