Market Update Weekly Bull Trend continues to hold. We've closed below the line in the sand at $686. I'm watching support at the major psychological levels: • $680 • $670 • $660 • $650 The encouraging part... We're getting very close to the Weekly Green Barrier. Outside of true bear markets, we typically don't spend long in that zone. Historically, it's often been followed by a meaningful bounce within a couple of weeks. One more weak week could put us in a very interesting spot heading into August. One more thing... Options positioning is currently suggesting volatility could pull $QQQ into the $660–680 range next week. Because of that, I think keeping some cash available or carrying a hedge into next week is a reasonable plan. Stay patient. React to price. Don't predict it.
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