07/21/2025

Mish Schneider | July 20, 2025

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) 624 support   Russell 2000 (IWM) 220 support  Dow (DIA) 442 support  Nasdaq (QQQ) 556 support  Regional banks (KRE) 62 pivotal   Semiconductors (SMH) 287 support   Transportation (IYT) 70 pivotal  Biotechnology (IBB) Broke support at 130 now watching 127  Retail (XRT) 79-80 must hold for best bullish case  Bitcoin (BTCUSD) 118 support 125k next 

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