07/23/2020

Aldrin Gonzales | July 22, 2020

S&P 500 (SPY) Welcome back SPY now on new multi-month highs. 320 support Russell 2000 (IWM) 146 support 150 resistance-consolidating at the 200-DMA. Dow (DIA) 270 pivotal Nasdaq (QQQ) 262 support KRE (Regional Banks) Back to an unconfirmed bearish phase-yo-yo.  Inside day. 37.70 the 50-DMA SMH (Semiconductors) 160 support 165 resistance IYT (Transportation) 172.75 pivotal IBB (Biotechnology) Did not confirm the bearish reversal top-why am I not surprised? XRT (Retail) As mentioned, seeing money rotation

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