Thus far, an inside trading week prevails for the stock market.
This occurs when prices trade within last week’s trading range.
S&P 500 (SPY) 290 is now pivotal price support with 293.40 the overhead 50-day moving average price resistance.
Russell 2000 (IWM) recorded in an inside day. 146 is key price support with 149 overhead resistance.
Dow Jones Industrials (DIA) 264.50-265 is price resistance with 260 the closest support.
Nasdaq (QQQ) 185 price support; 188.24 price resistance.
KRE (Regional Banks) 50.00 price support; 51.45 price resistance.
SMH (Semiconductors) 118 now pivotal price support with 119.62 then 120.50 price resistance.
IYT (Transportation) 175 the big price support level and 181.25 price resistance.
IBB (Biotechnology) 95 support 100 price resistance.
XRT (Retail) 41.00 50-DMA pivotal price support.
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The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
