remain in a corrective consolidation phase after failing to sustain momentum above the Daily VC PMI Mean Price of 62.48. The market is currently trading near 61.52, placing price below the daily mean and keeping short-term momentum neutral to bearish. According to the VC PMI methodology, the market remains in accumulation territory as long as prices continue to hold above the Daily Buy 2 level at 60.14. This zone represents an area where probabilities begin to favor mean reversion back toward equilibrium.
The Daily VC PMI identifies resistance at Daily Sell 1 (63.58) and Daily Sell 2 (64.82). A close above these levels would trigger a bullish expansion phase targeting the Weekly Sell 1 objective at 65.73. Should bullish momentum continue, the Weekly Sell 2 objective at 72.25 becomes the next major target. Until that breakout occurs, traders should continue viewing rallies into resistance as profit-taking opportunities while remaining prepared to accumulate positions near statistically extreme support.
From a cyclical perspective, the market continues to develop within an important harmonic window. The 90-day cycle remains supportive of an intermediate recovery while the larger 180-day and 270-day seasonal cycles continue to converge into the developing 360-day cycle, creating a potentially powerful reversal structure. This cycle convergence aligns with the long-term Square of 9 geometry, suggesting that the current corrective action may be building the foundation for the next impulsive advance.
Cycle Dates
- July 8–10: Short-term cycle window
- July 18–20: 90-day harmonic cycle
- Late July: Seasonal momentum confirmation window
- September: Major 360-day cycle projection
Square of 9 analysis continues to identify 60.00–61.00 as a critical vibration zone. Holding above this area maintains the probability that the next measured move targets the 65.73, 72.25, and eventually higher resistance levels over the coming weeks. A sustained close beneath 60.14 would invalidate the immediate bullish outlook and increase the probability of testing Weekly Buy support near 54.20, with the extreme Weekly Buy 2 support located near 49.19.
The MACD indicator is beginning to stabilize after negative momentum contracted, suggesting selling pressure may be losing force. Confirmation will require a crossover accompanied by price closing above the Daily VC PMI Mean Price.
Disciplined traders should continue scaling positions rather than committing full exposure at one price level. Risk management remains essential, particularly during periods of elevated volatility.
Disclosure: The VC PMI (Variable Changing Price Momentum Indicator) is a quantitative mean-reversion methodology designed to identify high-probability support and resistance levels using statistical analysis. Square of 9 and cycle analysis are supplemental analytical tools and should not be interpreted as guarantees of future market direction. This report is provided solely for educational and informational purposes and does not constitute investment advice or a solicitation to buy or sell any financial instrument. Futures and options trading involve substantial risk and are not suitable for all investors. Past performance is not indicative of future results, and all trading decisions remain the sole responsibility of the individual investor.
