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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Lake

Lake

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2025***
* Wed. Sept. 17 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Thursday, July 03, 2025

SPX: The Sky's The Limit (50 Reasons Why)

The S&P 500 Index (SPX) closed on another record high today after Congress passed President Trump's 'Big Beautiful Bill,' as described in the following article.

The White House detailed 50 reasons to vote for this bill at this link.

With no price resistance looming above, the sky's the limit for future record high SPX closes.

In fact, 7,000 is the next BIG ROUND NUMBER as a potential target (at the latest by August 2026) -- and beyond, as detailed in my 2025-2029 forecast of January 24, 2025 -- should price generally remain within the bounds of the Andrews Pitchfork technical indicator shown on the monthly chart below.



SPX Monthly chart

Happy 4th of July 2025, America! 🎉