(Pivotal means short-term bullish above that level and bearish below) The divergence between growth and value continues to widen S&P 500 (SPY) 644 now support -quiet ahead of CPI Russell 2000 (IWM) 233 close support Dow (DIA) 448 support Nasdaq (QQQ) 575 pivotal Regional banks (KRE) 64 key to hold Semiconductors (SMH) 293 now support-some rotation back to growth Transportation (IYT) This is our weak link not even over the July range. Watch 73.50 to
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