S&P 500 Daily Chart Analysis For Week of July 5, 2024

Technical Analysis and Outlook:
The Spooz has demonstrated resilience in the abbreviated trading week, achieving our long-anticipated Outer Index Rally 5560 target. The current price action suggests attaining the primary target of the Next Outer Index Rally at 5615. Nevertheless, the prospect of a rapid decline to the Mean Support level at 5515 cannot be discounted.