Market Analysis and Trades for 7/24

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The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here: Market Analysis for the Week of 7/20

Limited recap as I’m traveling back today and the session was rather straightforward.

Above yesterday’s high we were expecting to see Monday’s high and likely new highs.

After a quick sweep of 74 just before the open, we saw an opening drive lower which brought a back test of yesterday’s high and the weekly 6353.5-6357 spot. It held, it took some time in balance and ultimately broke back above Monday’s high and headed for the major 6398-6403 target.

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