In today’s briefing:
- SPX Summer Extension
SPX Summer Extension
- Our summer risk cycle peak due in early August, shifted right after the SPX clear 4,200 and NDX above trendline resistance. A fresh cycle peak target lies at SPX 4,350.
- RTY perform over the SPX makes it a top long on the breakout above 1,930 with fresh support at 1,950 and rally PT at 2,050 with risk to 2,080.
- SPX 4,170 pivot support is in focus with a call to buy a dip near 4,220 for that final push higher in in August.
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