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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This is not how markets crash or go down for years. You would think in all your wisdom you would know this. It's a healthy pull back in a bull market. If it was a multiple year pullback bulls would have already been trapped. You need to start coming up now with a new excuse because you will be wrong.
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