Weekend Review · S&P 500
S&P 500 Weekly Review: Breadth Did the Work at 100 Percent
Titan Macro Desk • Week of 29 June to 3 July 2026
| Close | 7,467.61 |
| Week | +1.0% |
| Range | 7,348.88 to 7,540.75 |
What Happened
The quiet outperformer. While NAS100 round-tripped 1,295 points, the broader index ground higher on breadth: equal-weight strength, small caps confirming, defensives and cyclicals both bid. The payroll shock knocked it back less than a percent from the highs, and it closed the week within reach of 7,500. Breadth doing the work the megacaps would not.
What We Called vs What Happened
The score: 25 of 25 correct (100%).
A clean sweep on the week’s calls. The read that mattered: staying constructive on breadth while the headline tech index chopped. When the two disagree, the broader tape has been the better tell all quarter.
Key Levels
Support 7,398 then 7,349. Resistance 7,540, and above it the round 7,500s become the argument.
Next Week Setup
Futures printed a firmer close than cash (+1.8% on the week), so the reopen starts with a paper gap in the bulls’ favour. Whether breadth can carry another leg while the labour data argues with itself is the week’s question.
Titan Macro Desk. Scored records are published weekly, misses included. This is analysis and education, not financial advice. Markets carry risk. Always manage your position size and do your own research.
