The S&P remains pinned at the top of the triangle pattern it’s been carving out for weeks, unable to commit to a direction. The Dow keeps notching new highs, propped up by a handful of its priciest, most heavily weighted names. But tech leaders have gone the other way while laggers have been bought. When leaders start leading down, that’s not a great template for more market gains.
Meanwhile, cycle patterns point different ways depending on the timeframe. The juxtaposition leads to flat trending. There’s some potential for a higher high in the short run. It will be a last hurrah as the historically extreme liquidity backdrop keeps deteriorating.
That which everybody knows isn’t worth knowing because the market has already acted on it. It’s the facts that few are paying attention to that matter. That’s what we are tracking.
Legacy (pre April, 2026) Technical Trader subscribers click here to download the full report.
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Then click to download Advanced Cycle Analytics Market Update, July 6, 2026 (Membership Required: Integrated Edge or Advanced Cycle Analytics)
This report includes the support and resistance levels, cycle projections, conventional price targets, and indicators to watch to determine the direction of the next big move.
Get the complete Advanced Cycle Analytics analysis with:
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Precise S&P 500 price targets and timing through 2026-2027
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Full-cycle matrix with short-, intermediate-, and long-term projections
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Breadth and momentum diagnostics across all cycle timeframes
Limited to 40 new subscribers at current pricing. Access the full report and align your positioning with the technical trend and cycle probabilities.