For today’s Mish’s daily I’ve provided you with something different. I have a video for you that provides detailed analysis on the Modern Family, SPY and QQQ with the assist of our Real Motion indicators.

The Real Motion Indicators are proprietary momentum based indicators that enable you to see trends in the markets that are not visible with conventional indicators.

Since the momentum of the market according to these indicator has reached a very precarious level for the bulls, I think this is a very timely opportunity to share this perspective with you.

Additionally, I think you may find surprising which two modern family members may have the most interesting potential if the market moves higher next week. Enjoy it.

S&P 500 (SPY) Key support to hold is 233.90. Look for resistance at 236.50 and 237.40

Russell 2000 (IWM) Quite bearish below134, may find support at 133. Big Resistance at 136.50

Dow (DIA) Key level to hold is 205. Resistance at 207.25

Nasdaq (QQQ) 131.50 is the key level to hold. 132.80 is likely resistance.

KRE (Regional Banks) 53.70 important resistance. 55.00 key are to get above

SMH (Semiconductors) Key resistance at 79.30 and 79.60. Key support at 78 .

IYT (Transportation)162.75 is key to hold with 165.15 the point to clear on a closing basis.

IBB (Biotechnology) Looks interesting over 293.20. Must hold 286.

XRT (Retail)40.50 key point to hold. Back over 42 better

IYR (Real Estate) Broke and closed over 79. Look for a confirmation of a second close over 79 and or a break over Watch for a breakout over 79.50. Good support at 78.30

GLD (Gold Trust) Very negative action. Needs to clear 120.70.

GDX (Gold Miners) Negative action but interesting if it holds above23.50. Big support at 22.50

USO (US Oil Fund) Noise until it closes over 11.00

OIH (Oil Service Holders) 30.20-30.50 key weekly support. Interesting over 31.10