Correction: Wednesday's profile does not have a blunt top at all. It is single characters. No idea where that came from. Thursday's profile however does have a blunt one character top as you can see. That can mean buyers were unsure about going higher and today's action showed more of that. There is that initial late july resistance at 3030 but the focus is on Wednesday since fed funds futures are telling the market to price in a 25 bps rate cut. SPX has trend resistance that comes in near 3040 depending on when you get up there and that combines with mid week hedging resistance at 3050. Anything over that is a melee and would need a quite a catalyst.
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