Update

There is no triangle, which is not a surprise. The b-wave and 10w high is completing and next week the c-wave into 20w low first half of August starts.
Do you notice how all comments are allowed - this is archive of the stupidity at important high.

b-wave running as suggested last week and to wait for 10w high mid-July. Notice how since the high of the third wave every high hits the RSI trendline....

The cycles confirm the pattern with two months between the top of the fifth wave and the b-wave.

Last week posted Europe weekly chart if you think SPX is different good luck - the same pattern with the same perfect measerments exactly 4.5 years after the previous high. Next is decline into August 20w low and high in September 20w high then lower to the next trend line and support.

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.