The tape made its call — and it wasn’t subtle. The unwind we flagged? Done. The bearish setups? Ignored. The bulls own this now — SPX, INDU, CCMP — all ripped through key resistance, flipped structure, and walked the DeMark playbook higher. Europe’s flipped too — DAX and SX5E both triggered textbook bullish reversals. Even EUR/USD’s leaning higher while DXY bleeds lower — classic confirmation across asset classes. But don’t get comfortable — exhaustion counts are building fast. SPX and CCMP both 9 of 13, INDU 11 of 13, DXY stacking 13s into a breakdown — this isn’t the start of a new uptrend, it’s the last inning of this leg. The breakout’s real — but the clock’s ticking.
- SPX: Bulls in control, 6236 next, 6519 stretch.
- INDU: Cleared 44,033, 44,140 in play, 46,244 stretch.
- CCMP: Bulls pressing, 20,917 next, 21,790 stretch.
- US10YR: Below 4.2416 flips trend down.
- DAX: Bullish flip, targets 28,421 then 29,203.
- SX5E: Bullish, hold 6,028, targets 6,246 then 6,343.
- DXY: Downtrend confirmed, 96.43 then 95.84.
- EUR/USD: Long holds, targets 1.1782 then 1.1825.
- Gold: 3281 hit sets up bounce, trend cracking.
S&P 500
Bulls Own the Tape, 6236 in Play markets pushed higher last week — SPX tacked on 3.44%, closed at all-time highs, and bulls keep pressing. The bullish price flip, rip over 6060, and break of every ceiling — all confirmed. Price cleared the TD Ref Close Up, the March highs, and now sits firm above 6173. This isn’t noise — it’s structure, and the bulls own it. Next magnet is TD Trend Factor 6236, with stretch to 6519 — ambitious, but price says it’s in play. Momentum agrees — MACD rising, histogram green, price stair-stepping higher. DeMark counts? TD Sequential 9 of 13, TD Combo 8 of 13 — exhaustion building but not confirmed. Bottom line — bulls own the tape until they break it.
S&P 500
INDU — Dow Presses Higher, 44,140 Tag in Sight
The Dow followed through — structure rebuilt, bulls in control, and price hasn’t looked back. Last week, we said the bears lost it when INDU reclaimed the 200-day at 42,566 — that was the flip, and this is the follow-through. We’re now TD Combo 11 of 13 — exhaustion building but not confirmed — and price has cleared the TDST Level Up at 44,033, putting the next magnet in play at the TD Trend Factor 44,140. Beyond that, stretch target sits at 46,244. Momentum confirms the move — MACD rising, histogram green, structure clean, price stair-stepping higher. Bottom line — bears lost the tape, bulls own it, next stop: 44,140 then 46,244.
INDU Index
NASDAQ Composite (CCMP)
Bulls Press the Advantage, 20,917 in Play Markets followed through — CCMP added another 105 points Friday, up 0.52%, and bulls keep pressing the advantage. We called last week’s price action a decision point, and the market made the call. Bulls won, bears got steamrolled. The unwind never confirmed — price held the TD Ref Close Down at 19,406, then ripped higher, clearing every ceiling that mattered, including the TDST at 19,693. Now we’re TD Sequential 7 of 13, TD Combo 8 of 13 — exhaustion is building, but no confirmation yet, so the bulls have room. The next magnet is in play at TD Trend Factor 20,917 — and stretch target sits at 21,790. Structure’s clean, momentum backs it — MACD rising, histogram green, price stair-stepping higher. Bottom line — the unwind never happened, bulls own the tape, next stops: 20,917 then 21,790.
Nasdaq Comp
US 10-Year — Setup Nears a Decision, Watch 4.2416
The coil is unwinding — slow, choppy, but we’re finally pressing into decision territory. We’re TD Sequential 7 of 13 — that implies higher — but more immediate is the TD Setup, now 7 of 9, and that sequence will play out this week. The key level to watch is 4.2416 — a close below that on Wednesday confirms a reversal lower, resets the setup, and flips the tone. Support holds at 4.2416 for now, with initial resistance at 4.34. MACD still bleeding red, momentum soft — this is leaning heavy, but the break hasn’t triggered yet. Bottom line — compression is unwinding, Setup is in play, 4.2416 is the line that matters. Close below? Tone flips bearish. Until then, we’re still grinding sideways.
USGG10YR Index
DAX — Bullish Flip in Play, Textbook Breakout Triggered
The unwind ran its course — now the DAX flipped the switch. June 24 gave us the bullish price flip and the clean breakout above TD Reference Close Up at 27,144 — textbook DeMark reversal. The TD Sequential 4 of 9 printed Friday, with targets now clearly mapped: first stop is the TD Risk Level at 28,421, then TD Reference Close Up at 29,203. Momentum’s confirming the shift — MACD diff has reversed off the floor, histogram ticking higher, and structure’s back above the 50-day. The unwind blueprint played out perfectly — now the bounce becomes trend. As always, follow the DeMark script: trend’s higher while price holds above 27,144 — dips are a buy, roadmap’s clear.
DAX Index
EURO STOXX 50 — Bullish Flip, DeMark Reversal in Motion
The unwind ran its course — now the flip’s in. June 24 gave us the bullish price flip, and price cleared TD Reference Close Up at 6,185 — that’s your textbook DeMark reversal trigger. The bounce off TD Prop Momentum Down at 6,028 held, and now we’ve got TD Sequential 4 of 9 and 9 of 13 active — trend’s shifting. Roadmap’s clear: 6,246 is your first magnet — the TD Risk Level — above that, TD Trend Factor targets 6,343. Momentum confirms the shift — MACD diff reversed off the floor, histogram building. Structure’s back above the 50-day — dips are a buy as long as we hold 6,028. The unwind blueprint is done — SX5E walking the script higher now.
SX5E Index
DXY — Downtrend Confirmed, 96.43 Magnet in Play
The countertrend rally failed — textbook. DXY couldn’t reclaim the 50-day, never cleared 99.98, and price rolled over hard. The downtrend is confirmed — we’ve now stacked multiple TD 9s, multiple TD 13s, TD Sequential 10 of 13, TD Combo 12 of 13 — classic exhaustion layering inside a bearish structure. The targets are clean — first magnet sits at 96.43, the TD Risk Level, followed by TD Prop Exhaust Down at 95.84. Price is buried below the 50-day at 99.27 and the 200-day up at 103.80 — structure’s broken, trend’s lower, and momentum agrees — MACD deep red, histogram still bleeding. Bottom line — bears own it, countertrend rally failed, next stop: 96.43 then 95.84.
DXY Currency
EUR/USD — Bulls Still Pressing, 1.1782 in Sight
The setup is working — EUR/USD has kept grinding higher, leaning right into the DeMark roadmap. We’ve stacked multiple TD 13s — exhaustion is building — but the active TD Setup 6 of 9 keeps us long until proven otherwise. Price has cleared consolidation and is pushing toward the next magnets — TD Prop Exhaust Up at 1.1782 and the TD Risk Level at 1.1825. Structure’s intact, trend’s higher, and momentum confirms — MACD positive, histogram green. Bottom line — bulls still own it, structure says higher, targets in play at 1.1782 then 1.1825, but watch for exhaustion confirmation once we stretch into those zones.
EUR/USD
Gold — Bulls on Thin Ice, TD 9 Looms
The setup’s getting heavy — we flagged this chop weeks ago, and now the DeMark roadmap confirms it. Price cracked lower, momentum’s rolled, and we’re sitting TD 7 of 9 into Prop Exhaust Down at 3281 — that level gets hit, the TD 9 completes, and we likely get a countertrend bounce. But make no mistake — that bounce would be just that: countertrend. The bigger structure is shifting. Multiple 13s printed into the highs, MACD is buried, histogram bleeding — this thing feels cooked. Lose 3281 cleanly after the TD 9 bounce, and the reversal is confirmed. Bottom line — trend up, structure wobbling, countertrend rally likely, but risk building fast.
Gold-GCA Commodity
