07/22/2020

Aldrin Gonzales | July 21, 2020

S&P 500 (SPY) Y’day-I have been bullish but now finding it a bit hard to breathe the thin air up here. 319.50 support Russell 2000 (IWM) 146 support 150 resistance-consolidating at the 200-DMA. Dow (DIA) 262.50 support 270 resistance Nasdaq (QQQ) 261.50 support KRE (Regional Banks) Back to an unconfirmed recuperation phase- 37.70 the 50-DMA SMH (Semiconductors) 160 support 165 resistance IYT (Transportation) Back over the 200-DMA making 172.75 pivotal IBB (Biotechnology) Possible reversal top

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