NDX, RUT, SPX, DJI Closed Higher...VIX Closed Lower...Breadth Strengthened...

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SPX +24.42, 7,677, closed above the high of the following candle, a hammer-like candle with lower shadow suggesting intraday support on Monday.  Breadth strengthened as advancers led on both the NYSE and NASDAQ exchanges.  The VIX closed higher, suggesting that institutions were unwinding hedges.

RUT 3,010 bullish harami in a 7-day bull flag pattern

The PCE report will be released Wednesday 8:30 am ET before the open.  NVDA earnings will be released Wednesday after market close.

SPX advancers: MRNA SMCI HOOD CDW LITE RDDT IBKR CDNS AMD MRVL COHR.

SPX decliners: ALB DOW LYB ERIE TGT APA COO DECK LULU IT CASY.

SPCX closed at 137.95, +2.95, on volume of 53 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +2.44, +0.32%, below average volume of 27.4 million shares.

VIX -0.40, 15.45 closed lower. 

NDX +0.64% a bull flag pattern, close above the HOLD and a re-BO.

DJI, 53,577 +0.30%, flag bounce continuation.

Mega caps MU, NVDA, META, TSM, MSFT, TSLA rose, BRK/B unchanged and AAPL, GOOGL, AMZN, AVGO, WMT, LLY fell on Tuesday.

Up: QQQ, IWM, SPY, DIA,

Down:

The SPY MFC green line is down at 72.1, price-action on Tuesday, closed above Monday’s high and also above horizontal resistance ($760.40) for a sixteenth day and is counter-trend defensive. -0.6

Six of eleven sectors were higher and XLB unchanged on Tuesday. 

53 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, SBUX, TMUS, ORLY, ASML, LRCX, NVDA, PDD, SNPS,

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 5

ASML, LRCX, NVDA, PDD, SNPS,

Moving Below 30 DMA = 2

GOOGL, ISRG,

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DJI Closed Higher above the HOLD in a Bull Flag Pattern...SPX, RUT, NDX Close Lower...Breadth Weakened...

© 2026

SPX -21.51, 7,652, formed a hammer-like candle with lower shadow suggesting intraday support in its 7-day bull flag pattern.  Breadth weakened as advancers and decliners were near even on the NYSE and decliners led on NASDAQ exchange.  The VIX closed higher, suggesting that institutions were adding hedges.

NVDA reports EPS Wednesday after the close.  Fed Chair Warsh speaks Friday morning from the Jackson Hole Summit.

RUT 2,995 reversed Friday’s gains but stayed above Thursday’s low in a 6-day bull flag pattern.

SPX advancers: EXPE DLTR CHD MO GDDY IT BXP AWK EIX ULTA MA.

SPX decliners: STX SNDK CIEN MU JBHT SMCI WDC COHR AXON FDXF AKAM.

SPCX closed at 135.00, -1.97, on volume of 60 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY -2.25, a 7-day bull flag pattern and setup, below average volume of 32.3 million shares.

VIX +0.72, 15.85 closed higher. 

NDX -0.97% a bull flag pattern and setup in a BO test pullback.

DJI, 53,417 +0.26%, moved above the high of the low day, a 12-day bull flag pattern.

Mega caps WMT, BRK/B, META, AMZN, GOOGL, MSFT, AAPL rose and LLY, TSM, AVGO, NVDA, TSLA, MU fell on Monday.

Up: DIA,

Down: SPY, IWM, QQQ,

The SPY MFC green line is down at 72.7, price-action on Monday, closed above Thursday’s low and also above horizontal resistance ($760.40) for a fifteenth day and is counter-trend defensive. -3.7

Eight of eleven sectors were higher on Monday. 

44 of 100 NDX stocks closed higher on Monday.

56 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, MU, MRVL, NBIS, SNDK, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, ISRG, SBUX, TMUS, GOOGL, ORLY,

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

GOOGL, ORLY,

Moving Below 30 DMA = 7

ASML, LRCX, NVDA, PANW, PCAR, PDD, TER,

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DJI, RUT, SPX, NDX Closed Higher...VIX Closed Lower...Breadth Strengthened...

© 2026

This is what good traders know…

The intermediate term trend in the SPX, RUT and DJI is up.  The short-term trend has been down this week, which is a short-term counter trend and a bull flag pattern.

The intermediate term trend, (3-months), in the NDX is sideways, the 12-day short-term trend is up, and the 4-day short-term trend is down.  It is a bull flag in a channel.

(click chart to enlarge)

Look at the weekly YTD chart and what do you see?

What do you think is more probable based on what you see?

SPX +33.21, 7,674, formed a bullish harami.  Breadth turned positive as advancers led on both the NYSE and the NASDAQ exchanges.  The VIX closed lower, suggesting that institutions were closing hedges.

RUT 3,017 opened and closed higher, formed a bullish harami in a 5-day bull flag pattern.

SPX advancers: HOOD MRNA COIN FCX ALB EL HCA TSLA DINO LULU CMG.

SPX decliners: MRVL SRE EIX AEP CNP PWR Q XEL BG EXC SO.

SPCX closed at 136.97, +2.97, on volume of 78.5 million shares. Our view is that SPCX, with no earnings, remains an overvalued speculation.  IPO at 135 on June 12. 

SPY +3.12, a 6-day bull flag pattern and setup, below average volume of 39 million shares.

VIX -0.88, 15.13 closed lower. 

NDX +0.33% a bull flag pattern and setup in a BO test pullback.

DJI, 52,759 +0.98%, formed a bullish harami in a 12-day bull flag pattern and setup.

Mega caps TSLA, GOOGL, AVGO, LLY, META, TSM, MSFT rose and WMT, BRK/B, AMZN, AAPL, MU, NVDA fell on Friday.

Up: DIA, IWM, SPY, QQQ,

Down:  

The SPY MFC green line is down at 76.4, price-action on Friday, closed above Thursday’s close and also above horizontal resistance ($760.40) for a fourteenth day and is counter-trend defensive. -4.2

Eight of eleven sectors were higher and XLRE was unchanged on Friday. 

64 of 100 NDX stocks closed higher on Friday.

61 NDX stocks are above their 30 DMA: FAST, AMGN, ADP, PAYX, PYPL, REGN, INTU, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, BKR, CPRT, DASH, DXCM, MSFT, CMCSA, GEHC, CEG, AMZN, MDB, CRWV, LITE, NFLX, NVDA, PLTR, WBD, AXON, GILD, SPCX, VRTX, FANG, ASML, TER, MU, MRVL, NBIS, SNDK, PDD, KDP, PEP, CSX, CTAS, MELI, MSTR, TSLA, MNST, AZN, CCEP, COST, ISRG, LRCX, PANW, PCAR, SBUX, TMUS,

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 9

AZN, CCEP, COST, ISRG, LRCX, PANW, PCAR, SBUX, TMUS,

Moving Below 30 DMA = 0

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