10/23/2020

Aldrin Gonzales | October 22, 2020

S&P 500 (SPY) 340 the 50-DMA to hold, 346 to clear Russell 2000 (IWM) 155 best underlying support. Resistance at 164 Dow (DIA) 285 Pivotal area with support at 280 the 50-DMA Nasdaq (QQQ) 290 resistance. Bounced off 280 support the 50-DMA KRE (Regional Banks) Strong day with break through 200-DMA into an unconfirmed accumulation phase. SMH (Semiconductors) Closed with support in 184 area with resistance at  190. IYT (Transportation) 200 support 212 to clear

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