$SPX Back Near Record Highs!!
The S&P 500 is starting August with strong momentum, and the market is getting close to an important technical confirmation.
After a 1.5% up day, $SPX pushed near its all-time high around 7,621, with today's high reaching 7,610.
A clean break above that level would confirm the July 29 low as an 80 trading day cycle low.
The trend is still favoring the bulls, but this is where discipline matters.
New highs can attract more buyers, but they can also bring some profit-taking.
I'm watching how price reacts around these levels instead of chasing every move.
Strong markets can stay strong, but risk management still comes first.
Who's still trading? What's staying on your watchlist tomorrow?
Stay disciplined.
