08/05/2025

Mish Schneider | August 4, 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 628 pivotal  

Russell 2000 (IWM) 215 July low to hold 222 close resistance 

Dow (DIA) 440 must hold now  

Nasdaq (QQQ) 562 key pivotal area