07/25/2025

Mish Schneider | July 24, 2025

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) 628 calendar range high now through it so now support  Russell 2000 (IWM) FAILED 226 the calendar range high.   Dow (DIA) FAILED 450 the calendar range high.   Nasdaq (QQQ) 558 calendar range high to hold   Regional banks (KRE) 62 pivotal   Semiconductors (SMH) Did not clear the calendar range high   Transportation (IYT) 70 pivotal  Biotechnology (IBB) 134 the calendar range high. Now must

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