02/19/2026

Mish Schneider | February 18, 2026

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) While down just a little from the highs, cannot get back over the 50-DMA  Russell 2000 (IWM) 267 eludes our Granddad-that has to clear to keep the party going  Dow (DIA) 496 needs to hold and momentum showing a bit of a bearish divergence  Nasdaq (QQQ) 610 key to clear while momentum gets more bearish  Regional banks (KRE) 68 support to hold but still in good shape  Semiconductors (SMH) Support at 402 and must

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