Charts for Aug 11, 2025

Weekly charts update (long term setup):

SPX:

*  ELC goes up and THRUST goes down. That's tricky, but after a high  thrust move you do not necessarily get a quick or big correction. * Weekly Repellor ( 5884). Support. * BlueSnake keeps climbing.

SPX 2/:

* Weekly SwX  turns green - bullish. * MoM goes down. That's a mixed bag, so it's not  clear sailing (yet) * The red channel is the main long term channel to  watch. * The overhead green trendline seems to be getting another test  now. That could mean marginal new record highs again. But a sustained  breakout above that green line is another question.

Bonds TLT:

* SwX turns yellow - neutral. Indecision * MoM goes up with  bullish divergence. * A breakout above the red line remains the only  missing element to become more confidently bullish here. But we are  getting close(r).

Gold:

* SwX stays red – bearish. * Weekly MoM goes down. * Still in a  sideways consolidation, which is the most bullish way to work off an  overbought condition * We keep watching when and where MoM bottoms out  next.

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

SPX:

* 242 stocks in bullish mode. Uptick, but still below 50% and also below the weekly bullish% (304) * BullsPower at 38, BearsPower at 23. Bulls keep the upper hand, but their lead is shrinking gradually. * Now we have the proper breakout above the dW at 6356. That's a bullish continuation as far as the Watershed lines go. * We also see an unusually high number of spBuy (speculative Buy) signals (red line in the bottom indicator). Normally this is a number that goes up near bottoms, but now we are less than a % away from new records. This are stocks that have lagged in recent weeks/months and are now giving an spBuy. If laggards start moving up too, then the index is likely to go higher. That could be a last hurray, but we will look into that if it comes to pass.

* ELC goes down. * THRUST goes up. No big downward thrust move yet, so the path of least resistance is still up for now. * The Repellor is at 6244, an important support level.

* Rotator goes down. But the leading green component is flattening out. * The Bands are rising. *  This is a setup that can give us another nice upswing.

* SwX stays red- bearish. * MoM  turns up and that suspends the bearish divergence for the time being. * MoM bottoms near the zero line typically indicate a next upswing in ongoing bull moves (orange circles show previous occasions). If it is a very brief swing (see last Feb), then it's better to watch out below. * The upper green trend channel keeps working like a Swiss clock. Wouldn't write it off too early.

* Icebergs algo. * Green mountain is only just above zero and may disappear for the first time in months.

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