08/05/2025

Mish Schneider | August 4, 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) 615 July low to hold 628 pivotal   Russell 2000 (IWM) 215 July low to hold 222 close resistance  Dow (DIA) 440 must hold now   Nasdaq (QQQ) 562 key pivotal area  Regional banks (KRE) 59 the July low and very pivotal    Semiconductors (SMH) 280 support and 293 the place to clear   Transportation (IYT) 66

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