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Friday, July 11, 2025

SPX Update: In the Event of a Water Landing, Your Seat May Be Used as Shark Food

Last update continued the trend of the past few weeks, which is basically just "higher as long as the trend channel holds" and the market again delivered, with SPX making another new all-time high.  There is some indication that it's still possibly unfolding a correction, though, so it might test the red trendline, and could even break it slightly. 


I think we really only need that chart today, since there's nothing to add on any other recent charts at the moment.  Again, keep in mind that a minor break of the trend channel would be okay for bulls -- as long as SPX doesn't sustain that breakdown.  Trade safe.

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