02/12/2026

Mish Schneider | February 11, 2026

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) Back to bullish phase and near the highs-critical next moves  Russell 2000 (IWM) Failed 267 which might be a bit concerning  Dow (DIA) 49,600 needs to hold  Nasdaq (QQQ) 620 puts this back over the 50-DMA but under 610 again will be trouble  Regional banks (KRE) Sold off a bit so now has to hold around 70.00  Semiconductors (SMH) sister semis is back in the game with all time high 420  Transportation (IYT) 79 has to hold  Biotechnology

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