01/08/2025

Mish Schneider | January 7, 2025

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) Back below the 50-DMA now  Russell 2000 (IWM) 220 next support or could be trouble  Dow (DIA) 422 pivotal support  Nasdaq (QQQ) 520 did not hold, now looking at the 50-DMA which if cant hold, oops  Regional banks (KRE) 65 resistance 58 support   Semiconductors (SMH) 260 super pivotal  Transportation (IYT) 68 support and 70 resistance  Biotechnology (IBB) 135 now pivotal    Retail (XRT) Granny needs to get back over 80.50 and

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