Lets get ready for next week 7/12S&P 500SPCFD:SPXJuvenalGomezThis video if for my subscribers where we go over our support and resistance levels on the SPX and on other charts as well. We did have a confirmation signal breakout on the daily chart but it did it on light volume which makes me stay on the cation side of things. BUT on the bigger time frames we still have a reversal candle on the weekly that we haven't confirmed a break out on it just yet. I'm going to be patient and wait for more signals before I can say for certain that we can go higher, also remember a lot of chip stocks have bearish set ups like upsloping parallel break downs with confirmation following NVDA like I warned about before and head and shoulders and just weak price action like LITE. The VXX has a falling wedge pattern with bullish divergence giving more bread crumbs that something isn't right! Lets just watch and see everyday we will get another piece of the puzzle!