Charts for July 30, 2025

Daily charts (you can click the charts for larger image):

SPX:

* 335 stocks in bullish mode. Another downtick and falling below the weekly bullish%(343). Red flag. * BullsPower at 45, BearsPower at 13. Bulls keep the upper hand, but Bears are slowly picking up some steam. * Above both Watershed lines = continued bullish. The dW at 6299 is a first line of defense to watch.

* ELC goes up. * THRUST goes up. But is increasingly likely to paint a new bearish divergence because this latest push higher is quite weak. * The Repellor is at 6199.

* Rotator goes up. Both components are rising, but without much power in it. * The Bands keep rising steadily and trading stays in the upper band = bullish. * Painless trading is about to end imo.

* SwX stays yellow - neutral. We keep watching whether it goes on to red or gets back to green. * MoM goes up, but a bearish divergence is likely. * The green trend channels define current price action. * The red line an possible wedge is on watch. On a drop below 6350, which would remove the red line, it would probably go back to 6200 fast.

* Icebergs algo. * Green mountain is at a healthy +4 level. * We have lava + gold on the mountain  appearing again. This is something that normally occurs near peaks (can be shorter or longer term peaks), and is where I prefer to do most of my selling. * The logical opposite of lava + gold on the mountain is found in thick "sea ice" near the bottom of this indicator pane, and that's where I normally try to do some (if not most) of my buying. * Trading does not have to be very complex. We will never catch all peaks and bottoms in the market, but with this method you can put the odds in your favor and catch some of them.