07/17/2025

Mish Schneider | July 16, 2025

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) 621 support   Russell 2000 (IWM) 220 support  Dow (DIA) 442 support  Nasdaq (QQQ) 552 support  Regional banks (KRE) 62 pivotal   Semiconductors (SMH) 282 support   Transportation (IYT) 70 pivotal  Biotechnology (IBB) 130 now must hold  Retail (XRT) 79-80 must hold for best bullish case  Bitcoin (BTCUSD) 118 support 125k next 

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