10/02/2020

Aldrin Gonzales | October 1, 2020

S&P 500 (SPY) Closed over the 50-DMA. Needs another close over to confirm bullish phase change. Russell 2000 (IWM) Still under the 50-DMA, but close. Dow (DIA) Confirmed bullish phase. 280 resistance Nasdaq (QQQ) Weekly close over 280 is a good sign. KRE (Regional Banks) Needs a weekly close over 36. SMH (Semiconductors) 181 resistance, but can’t argue with gap open IYT (Transportation) Support 193. 200 Pivotal. IBB (Biotechnology) Has to clear 138. XRT (Retail) Closed over the 50-DMA. Needs another close over

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