$SPX The SPX was in one of its narrower ranges last week briefly slipping under the 8-week EMA but finishing well above and overall a choppy last four weeks for markets. The high last week stalled right at trend resistance off prior highs and above 7530 is key now to unlocking a move higher. Conversely, 7345 is a key level to defend or risk slipping into a pocket with the 21-week EMA then firmly in-play at 7185 while 7265 is AVWAP off the March lows and 7315 a trend/value level that can accelerate a move lower. The 7400 round number is a minor support to start next week. Utilizing March lows to June highs, retracement levels include 23.6% at 7317, 38.2% at 7125 and 50% at 6971. A push above 7600 unlocks Fibonacci extension targets at 7735.85, 7795 and 7890.