02/24/2026

Mish Schneider | February 23, 2026

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) Failure of the 50-DMA and now on critical support at 680  Russell 2000 (IWM) Landed on the 50-DMA so while it still leads, this is a huge test for the small caps and the market  Dow (DIA) Failed the 50-DMA and entering a caution phase   Nasdaq (QQQ) Already in a caution phase, we now must watch 585  Regional banks (KRE) Big drop into life support-must hold 68  Semiconductors

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