02/05/2025

Mish Schneider | February 4, 2026

(Pivotal means short-term bullish above that level and bearish below)  

S&P 500 (SPY) 685 the 50-DMA holding for dear life 

Russell 2000 (IWM) 255 the 50-DMA support 

Dow (DIA) Strong and if holds will make a new all time high 

Nasdaq (QQQ) The weakest-that’s new-600 big support through 620 better