.SPX: Keep Price Above 6100

Hello everyone! Today i want to share some trading ideas with you!

1.

Trend is King.

Jesse Livermore’s motto: Follow the line of least resistance.

Today’s tape:

🚀 $S&P 500(.SPX)$ just broke all-time highs

💪Breadth is expanding (more highs than lows)

👻Risk-on proxies ( $ARK Innovation ETF(ARKK)$ , $iShares Russell 2000 ETF(IWM)$ ) are breaking out

Livermore would stay long while the trend holds—

—but watch price like a hawk. He never married a position.

For bulls in July, the job is simple: Keep price above 6100. We just went through a healthy move like this in May.

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2.

This gives everyone 3 weeks to watch for topping patterns, structure, sentiment and digest more headlines.

3 weeks is a lot of time. (+ the red years through 2010 are minor)

I’m cautious. But can’t position bearish yet. The bear characteristics are mostly absent.

3.

$S&P 500(.SPX)$ just logged a 26% rally in 3 months.

That’s a move you’ve last seen post-covid and during the 2018 China trade war.

📈 Breadth is strong

📊 ARKK + IWM are breaking out

📉 My core trend/breadth/momentum signals = 0/3 active (risk-on)

Still—I’m beginning to share early caution.

Sentiment is stretching

NAAIM equity exposure hit 99

Positioning is extended

These aren't “sell” signals—but they’ve often marked local tops. Not always. Sometimes buying greed works. But it’s a phase shift worth tracking.

I remain cautiously bullish until the core risk-off criteria say otherwise.

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