Jul 4, 2026

Update

SPX is completing the current short term move higher. Next is a decline... which could be delayed for completing a tringle.

Everybody watching the triangle and continuation higher - the masses wrong as usual. Quick look at the RSI and it is clear - leg lower, corrective leg higher. If there is a triangle it is pointing to a continuation lower.
Or it could be more simple just lower.
And Europe(EU50) - very "bullish" looking chart. Clean waves double zig-zag with perfect Fibo measurments, you can even dig deeper the a,b,c waves and you will see the same, multiple RSI divergences,four and a half years after the previous top - good luck with the continuation higher.

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