Mish’s Daily: Bullish or Bearish? Granny Retail vs Granddad Russell: Critical Market Levels You Must Watch
Mish’s Daily: Bullish or Bearish? Granny Retail vs Granddad Russell: Critical Market Levels You Must Watch
Written by Michele ‘Mish’ Schneider
May 21, 2026
Today’s market story is all about divergence.
Granny Retail is flashing warning signs as the consumer continues to struggle under the pressure of rising costs and slowing momentum. Meanwhile, Granddad Russell is holding key support levels and suggesting small caps may still have fight left in them.
We break down the critical chart levels in XRT and IWM, including moving averages, support zones, and 6-month calendar ranges that could determine the market’s next major move.
The message? Markets can be bullish and bearish at the same time.
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Educational purposes only, not official trading advice.
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