“I observed in early July that SPX 6,469, which is 10% above the 2024 close, could be a level from which a pivot lower or a pause could occur. An SPX pause at 6,469 is what we have seen to this point…multiple headline risks that might be causing would-be buyers to stop and assess with the SPX 10% above its 2024 close. The headline risks include: poor historical seasonality, tariff uncertainty, questions with respect to Fed policy/lack of independence as inflation and growth concerns surface, and geopolitica ...

Market Overview - The S&P 500 has reached 6600, driven by stock/sector rotation and the anticipation of rate cuts, providing new momentum for the rally [1] - The target of 7000 is considered achievable, with confidence expressed in reaching this milestone [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system developed over 15 years, incorporating fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] - The 'Daily Edge' newsletter offers actionable ideas, directional bias, and important levels in the S&P 500, focusing on various asset classes including commodities, stocks, crypto, and forex [1] Investment Strategy - The analysis emphasizes a systematic approach to trading, moving beyond simple chart observations to a comprehensive strategy that has been proven to deliver consistent results [1]