🔎 Here’s Where Things Get Interesting

As the market bounces back, growth is doing what it does best: leading the charge.

Large Cap Growth ($IWF) and the tech-heavy Nasdaq 100 ($QQQ) aren’t just participating — they’re setting the pace. These are the names climbing to the top of the leaderboard, outpacing the rest of the U.S. index universe.

But here’s where it gets interesting.

Despite the strong tape, the S&P 500 still closed down 2.5% last week. That puts us right at a critical juncture.

This is the level to watch.

If the market can absorb that dip and hold firm here, it sends a clear message: the bulls are still in control. The trend remains intact, and the path of least resistance is higher.

But if this level breaks, it’s a different conversation. It doesn’t mean the whole move is invalid — but it would suggest this rally needs more time, or a reset, before it can resume.

Either way, how we respond at this inflection point will shape the tone of the next few weeks.