Commentary and chart analysis featuring Elliott Wave Theory, classic TA, and frequent doses of sarcasm from the author who first coined the term "QE Infinity." Published on Yahoo Finance, NASDAQ.com, Investing.com, etc.
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Wednesday, July 8, 2026
SPX Update: Why Not Try Angle?
Last update noted that SPX could make another run at the black trendline, which it did:
This keeps the triangle alive:
For now, the WXY shown above also remains alive, since nothing has yet happened to invalidate it. Not much else to add at the moment, now it's just watching to see if bears can do anything with this. Trade safe.
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