Weekly Analysis for 7/1/2024

I'm not expecting much this week, except for maybe some action on Monday and Tuesday. I'll probably take the rest of the week off and may not trade at all depending what happens early in the week. In times like these, I think it is best to just stay away. Take a break, enjoy your holiday. Volume should pick up after this week, at least I hope.

Here's some thoughts and analysis after reviewing last week's action. We have a lot of major resistance areas that were hit and rejected on Friday along with a volatile final hour of the session. VX spiked into close, that'll be the main thing I'm watching for besides NQ and NVDA.