02/16/2025

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  Regional banks (KRE) 68 support to hold but still in good shape  Semiconductors (SMH) sister semis is back in the game but must

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