07/21/2020

Aldrin Gonzales | July 20, 2020

S&P 500 (SPY) Above the June high. I have been bullish but now finding it a bit hard to breathe the thin air up here. 318.50 support Russell 2000 (IWM) 146 support 150 resistance-consolidating at the 200-DMA. Dow (DIA) 262.50 support 270 resistance-maybe a bull flag Nasdaq (QQQ) A potential bear flag became a bear trap. 263 now support KRE (Regional Banks) back to bearish phase-34 support 37.70 resistance SMH (Semiconductors) 160 support 165 resistance

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