02/16/2026

Mish Schneider | February 15, 2026

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

S&P 500 (SPY) Even with Fridays bounce, still in a warning phase 

Russell 2000 (IWM) Fridays bounce created an inside day, Tuesdays move is critical in the now leader 

Dow (DIA) 496 needs to hold 

Nasdaq (QQQ) Even with Fridays bounce, still in a warning phase and under the January calendar range low