07/25/2023

Mish Schneider | July 24, 2023

S&P 500 (SPY) 450 pivotal area 455 resistance 437 July low Russell 2000 (IWM) 193 is the 23-month holy grail Dow (DIA) 34,800 support Nasdaq (QQQ) Under its 6-month calendar range high, already showing signs of stress Regional banks (KRE) Consolidating over its July calendar highs-positive Semiconductors (SMH) Holds here ok-needs to clear 161 and under 147 trouble Transportation (IYT) Right on the July calendar range high Biotechnology (IBB) 128 support now to hold Retail (XRT) Never cleared

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