12/22/2025

Mish Schneider | December 21, 2025

(Pivotal means short-term bullish above that level and bearish below)   S&P 500 (SPY) 675 the 50-DMA support  Russell 2000 (IWM) 245 the 50-DMA support  Dow (DIA) 481 pivotal   Nasdaq (QQQ) Now back over the 50-DMA and bullish     Regional banks (KRE) 65 support  Semiconductors (SMH) 350 the 50-DMA line in the sand  Transportation (IYT) Has to clear back over 76 and hold 73   Biotechnology (IBB) 166 support  Retail (XRT) If December ends over 88-that is really good   Bitcoin (BTCUSD) 85k key support if this has a chance to get back over 92k 

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