Market Overview - The market continues to make new all-time highs, maintaining a bullish trend with the 20-day and 50-day moving averages in place [2][3] - A bullish cross has been observed with the 12 EMA above the 26 EMA, and the RSI is also trending upwards [4] Support and Resistance Levels - Major support levels have been adjusted, with the next area of support at 6,600, moving up from 6,550, and downside support moving from 6,200 to 6,300 [3] - The first area of resistance is identified at 6,555, with a potential breakout above this level leading to 6,575 [5][6] Sector Performance - Approximately 70% to 75% of stocks are performing positively, with only three sectors in the red, indicating a strong market start [6][7] - Leading sectors include healthcare, technology, materials, and real estate, while energy and communication services are lagging [7] Chinese Market Insights - The Chinese stock market is performing well, with ETFs like KWEB showing a breakout above the $39 level, indicating bullish momentum [8][9] - A monthly chart analysis reveals a solid base being built, with potential resistance at $50, suggesting further upward movement for Chinese stocks [10][11] Treasury and Economic Indicators - Recent CPI data came in slightly hotter than expected, with initial jobless claims also exceeding expectations [13] - There is an 80% chance of at least 75 basis points in rate cuts by December, which could impact the S&P 500 if more aggressive cuts are implemented [14][15]