07/31/2025

Mish Schneider | July 30, 2025

(Pivotal means short-term bullish above that level and bearish below)   The divergence between growth and value continues to widen  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) Broke 62 now resistance to clear   Semiconductors (SMH) Ahead of lots of earnings, above 293

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