.SPX: July is Seasonally Strong

tomthetrader1
07-07

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

1.

$S&P 500(.SPX)$ thoughts: Following a review of my weekend market analysis, I cannot yet become bearish and remain in a kind of 'autopilot' bull mode. I will likely share cautious analysis as the market gets frothy to keep my own thoughts in check.

The sentiment and equity positioning are stretching to the upside, however the market can operate in extreme greed for much longer than a single week. July is seasonally strong.

There is plenty of space to carve out a healthy corrective structure towards 6080, this is ~3%. Sentiment and positioning would likely cool in this scenario.

Until trend, breadth and momentum breakdown corrective moves towards 6080 earn the benefit of the doubt.

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