Two standard deviations of S&P 500 (SPY) 50-day moving average, has price moving back inside of it again.
Solid continuation today, but the participation and volume remains quite light for the S&P 500 (SPY).
83% of the S&P 500 have beaten their estimates...you'd think we were coming out of a recession or something.
July would have finished in the red for the S&P 500 (SPY) if it weren't for the Mag 7 stocks. In 2025, they are responsible for 48% of the market's returns!
This particular chart on the S&P 500 (SPY), expects a major sell-off starting in 2026.
Since mid-May, the decoupling of RSP vs S&P 500 continues to increase.
SPY intraday holding up very well at 619 over the last two sessions.
It'd be ironic if suddenly the crowd became bearish in July on SPY.
Devalue the dollar enough, you can spark a stock market rally and ignore the purchasing power decreasing.
The divergence is catching eyes between Dow Transports (IYT) and SPY.
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