Around the Fair in July 2025
Key levels and trends in Europe & the US. Support/resistance, gaps, and momentum.

Focus on higher highs and crucial price levels. In this edition, we look at how European and US indices are performing in June, where gaps are closing or remaining open, and which support and resistance zones are important for the summer months.
What we cover
- Europe: AEX25, BEL20, CAC40, DAX40, MIB40 and IBEX35.
- US: SPY, QQQ, IWM, SMH, USO and GDX.
- Key support and resistance zones for June.
Chapters
Key insights
- Europe: The BEL20 and DAX are showing strength, while the AEX and CAC remain flat with limited momentum. The MIB and IBEX are performing positively and approaching new highs.
- VS: SPY and QQQ are making higher highs, while IWM remains trapped between moving averages. SMH is showing strength, while USO and GDX are testing key technical levels.
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Our market analysis is informative and educational. It does not constitute an invitation to invest or personal advice.
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