US Stock Market - S&P 500 SPX — Price Projections & Cycle Analysis

[00:00:00] Speaker 1: stock market outlook s&p 500 spx it is friday july 10 2026 and let's go ahead and hop into the charts okay so this is our weekly cycle analysis chart for the s&p 500 index spx of course what you're seeing here are these longer dominant cycle brackets along with this out of phase cycle right there and what i want to really highlight is where we are right now of course we're in the intermediate term rising phase still and are just holding in as as you can see there is a clear diamond forming right there this could form a continuation pattern to the upside or in this situation it could form a high right now the odds of it forming a high are lower the odds of it actually following through to the upside are higher uh just due to the overall trend that we have been in and how it is acting of course uh 76.31 to 77.99 are the uh are the closest levels to the upside here we have a low that is due 83 to 921 uh here in the s&p 500 if we jump over to the shorter time frame so on the shorter time frame you can see that really clear diamond right anytime you see a period where as you've seen here we have actually gone 40 trading sessions plus without any net movement that creates an equilibrium of sorts in in terms of the way the market is behaving so once you see a move out of that you could see a more directional move now it's critical that you see obviously some sector participation under the hood to support that and right now that is somewhat lackluster so that's something just to be aware of in terms of what's happening on the shorter time frames there is this blue cycle bracket right here which is really tracking the spx and and the ndx cycle that had a low that was due 272 to 713 and that low as you can see in this overall choppy cycle did form on time and we are now trying to turn our way back up we have the slim ribbon positive as well as the rs both just now turning to the upside and confirming a short-term positive directional bias in terms of our areas on the upside we have this old high here at 76.21 and then we have 76.34 followed by 77.26.75 if you look at this rut cycle that's in green that only has a trough that's due somewhere around the middle part of july so do we see a move to the upside followed by a little move down into that rut low followed by another move back up certainly possible just something to keep on your radar as usual we will be honing our eyes on where there is relative strength in the market to go with what is happening in the broader index the way i like to always think about it is that the index is that wind at the back right but you still need to find where they're actually buying right and that's where i use relative strength analysis to understand you know what sectors of the market are actually setting up for another impulse uh higher right so that's uh how i like to frame everything that's how i i frame everything in all of the videos that i do it's fundamentally based on relative strength and relative weakness because that shows you where the actual dollars are in fact moving right so that's something that i think is super important and if if you're not looking at relative strength right now in your process i would highly suggest you integrate it okay so that's where we are right now in the index it's been choppy for quite some time and we are monitoring for areas to support another move uh to the upside and that is a look at the stock market outlook s p 500 spx for july 10 2026 i do want to remind you that we have our day trader special offer buy two months of day trader get one for you only 89.90 very inexpensive way to see uh all that we have built over many many months uh for you to again keep you on the right side of the market avoid fading trends and instead get on the right side of that move understanding environment understanding when you're in a choppy environment versus a trending environment and how you can use our tools to understand those key turning points in the market so that's really what it's all about uh as as always if you guys have any questions please write to matt at s slim dot com