As the new month begins, the market just closed right at last year’s high, a critical level that could act as either resistance or new support.
These return-to-origin zones aren’t random. They often mark key decision points for institutional capital.
The question now:
Does this level hold as a launchpad, or does it reject?
What to watch :
VIX curve: contango...
Market cycle outlook on the year :
We have now reached a new month.
August 1st, which a new market cycle for the month to form, along beginning the backend of the year 2025 and the front end of a new week coming.
Closed bearish this week along with hitting all time highs once again for the Nasdaq.
