$S&P 500(.SPX)$ The last time we saw July post a negative return was in 2014. That doesn't mean every trader is going to end the month green this year.
It still requires you to respect your trading rules, trading plan, and have the highest forms of patience and discipline.
I've seen many traders lose everything in the most bullish environments because of greed, lack of discipline, and emotional decision making.
If you want to end the month in the green, Make sure you study the important levels in $S&P 500(.SPX)$ and $Invesco QQQ(QQQ)$ . These two are your compass. It will help you determine which direction to trade and when to stay bullish or switch bearish depending on the levels.
For July.. If SPX breaks under 6147 and QQQ fails at 541, this is when I would turn bearish. These are the previous all time highs levels and if they fail especially on negative news, we can see a deeper pull back. As long as they hold, It's risk on for the upside.
Good luck trading this month everyone, Let's see if we get a continuation higher leading into earnings season.
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