Individual Institutional Fintech & Developer
Sign in
Open account
Individuals Institutional

Call toll-free 800.328.1267

Login

Market Insights

Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.

Stocks

Options

Futures

Market Trends | Stocks
Has This Bullish Pattern Returned?
David Russell
July 17, 2025

Downloads are available here. TradeStation’s ideas on TradingView are available here.

Check out our next “State of the Market,” on Monday, 7/21.

Sizing Up the Market

  • S&P 500 holds last week’s low of 6201, above February high
  • Tight range resembles earlier breakouts (see below)
  • Holds rising 8-day EMA
  • Sector mix potentially bullish:
    • 2-week leaders: Technology, industrials (cyclicals)
    • 2-week laggards: Consumer staples, healthcare (safe havens)
  • Breadth weakens without price breakdown
  •  Intermarket: Few bearish signals
    • U.S. dollar index bearish outside day near top of falling channel

S&P 500, daily chart, with select patterns and indicators.

Upcoming Events

  • Earnings tonight: NFLX
  • Fri 7/18: Housing starts/building permits, consumer sentiment
    • Earnings: AXP MMM SLB
  • Mon 7/21: VZ NXPI
  • Tue 7/22: **Powell speech** (8:30 a.m. ET),
    • Earnings: GM KO HAL | TXN COF
  • Wed 7/23: Crude-oil inventories
    • Earnings: GEV FCX | GOOGL TSLA IBM NOW
  • Thu 7/24: ECB meeting, initial jobless claims
    • Earnings: AAL BX HON

S&P 500, mid-2023 through early 2024, showing tight ranges.

Tags:

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

Related stories