Weekend Report for Monday, August 3
U.S. stock indices dramatically flipped the script from Wednesday, which was projecting a very bearish near-to-intermediate-term outcome, to a very bullish outlook, with new all-time highs likely in at least the SPX, probably by next week.
PDF: Weekend Report_2026_08_01
VIDEO: https://youtu.be/djnA5BZHQ3w
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Auction Market / Market Profile SPX
From last weekend’s Report:
The short-term auctions in the SPX have a very definitive pattern of migrating to lower and lower VALUE.
The script has flipped….
SPX Daily
NDX Daily
DOW
RUT
NYA
RSP
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US Dollar Weekly
US 10-yr Notes Weekly
Gold Weekly
No change: Gold is at the midpoint of its high-volume node of a multi-week Balance Area. This is a major inflection point and gold is going to move sharply away from this area very soon.
Crude Daily
Bitcoin
