$SPX still stuck at the same battle zone...
$SPX still stuck at the same battle zone.
The market has spent most of July going nowhere a lot of headlines, a lot of intraday moves, but no real follow-through.
It feels like everyone is waiting for the same thing: confirmation.
And that confirmation point remains 7500.
This level has been acting like a magnet for weeks.
Every selloff finds buyers around it, but every rally seems to run into resistance nearby.
Here’s how I’m looking at it: a clean reclaim and hold above 7500 keeps the bullish path alive and puts new highs back in focus.
But if SPX fails again around the 7478–7523 zone, I wouldn’t ignore the risk of another leg lower.
No need to overtrade a sideways market.
Sometimes the best move is simply waiting until the chart makes the decision for you.
Enjoy the weekend. Stay patient and protect your capital.
Checking in. Any stock you're avoiding? Let's see how it closes.
