A failure to hold the 10/10 2395 low would introduce risk to 2265, we still think the more likely scenario is challenging 2750 by Jan `26. Stay the course with Tech and Health Care while adding to Energy and Industrials. Special Study I: S&P 600 Stocks not in the R2000 up an average 28% since April 8th vs R2000’s 42% gain. Special Study II: Over a quarter of the R2000’s total market cap moves within the S&P 500 on average each week.