Spider Small-Cap 600 ETF (NYSE: SLY) Up Four-Straight Seasions

The Spider Small-Cap 600 ETF (NYSE: SLY) extended its winning streak to four-straight sessions following the intraday push to $96.37. Prior and lower resistance from early March at $96-$96.50 was breached but held. A close above the latter would signal additional upside towards $97.50-$98.

Support is at $95-$94.50 followed by $93.50-$93.

RSI (relative strength indicator) is in an uptrend with lower resistance at 55-60 getting cleared and holding. A move above the latter would suggest additional strength towards 65-70 and levels from mid-March. Key support is at 50.

sc.png

Checking on Volatility

The iPath S&P Vix Short-Term Futures (NYSEArca: VIX) snapped a three-session losing streak despite testing an opening low of 17.35. Near-term and upper support at 17.25-16.75 was challenged for the second-straight session. A close below the latter would indicate additional weakness towards 16-15.50.

The bounce to 18.40 afterwards cleared but failed to hold lower resistance at 18-18.50. A move above the latter would suggest a retest towards 19.50-20.

sc.png

Nano-X Imaging (NNOX) Zooms 17%

Nano-X Imaging (NNOX) zoomed 17% after announcing its digital X-ray device has received 510(k) clearance from the Food and Drug Administration. The company’s CEO said they remain on track to commence system shipments in the fourth quarter of this year and the first quarter of 2022 with the goal of finalizing deployment of the initial 15,000 Nanox.ARC systems by the end of 2024.

sc.png