08/04/2025

Mish Schneider | August 3, 2025

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

The divergence between growth and value continues to widen 

S&P 500 (SPY) 615 July low to hold  

Russell 2000 (IWM) 215 July low to hold  

Dow (DIA) On the 50-DMA but below the July range low  

Nasdaq (QQQ) 545 the July low to hold 562 the range high to clear