ChartArt
Short

The S&P 500 bull run has reached another unconfirmed peak

FX:SPX500   S&P 500 index of US listed shares
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The FED leaves the rate unchanged and the Facebook             earnings and many other earnings were good so the overall trend is very bullish , but there is a growing drag lower due to falling Oil             prices and for example the China stock index had declined.below 3000 points. The Apple             island top could also fizzle very fast and drag the DOW Industrial lower.

Unless the market breaks out higher before this week ends I stay bearish , because I'm usually emotionally too early with my trading ideas and not too late and my last bearish idea has still not played out, but is now showing early signs of being true. I had oil             as risk factor already anticipated in my last chart, but forgot to mention it (see related ideas).

Scenario A "fast brief dip":
Short entry: 2180
Short target:2125

Scenario B: "bearish deep decline"
Short entry: 2160            
Short target:2087
Comment: UPDATE: 3 days later after publishing the chart.

While analyzing the largest company stocks (by market cap) in the US (and the world) using the new Tradingview screener function I noticed that many big company stocks have already fallen (in some cases a lot) lower. So maybe the downtrend potential of the S&P 500 index is already over while not being visible in the sideways range on the S&P 500 index itself. If true the S&P 500 rally might go even higher in August when the following stocks bounce back up higher (or even make new highs). In other words I'm much less bearish than I was 3 days ago when I created the chart before the last day of the month (July) had closed.

Here are the stocks to watch in August, if they find a bottom soon or continue the recent decline:

Exxon (US), peaked July 15:
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Berkshire (US), peaked July 19
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Amazon (US), peaked July 12
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Johnson & Johnson (US), peaked July 20
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GE (US), peaked July 20
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AT&T (US), peaked July 5
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Wells Fargo (US), peaked July 14
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JP Morgan (US), peaked July 14
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Wall Mart (US), peaked July 11
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Verizon (US), peaked July 5
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Procter & Gamble (US), peaked July 14
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Pfizer (US), peaked July 15
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Shell (non-US), peaked July 14
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Novartis (non-US), peaked July 22
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Alibaba (non-US), peaked July 21
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Budweiser (non-US), peaked July 1
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Chevron (US), peaked July 14
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Petro China (non-US), peaked July 14
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Coca-Cola (US), peaked July 14
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Visa (US), peaked July 25
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Oracle (US), peaked July 15
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Intel (US), peaked July 20
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Merck (US), peaked July 13
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Disney (US), peaked July 13
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Cisco (US), peaked July 26
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Taiwan Semiconductor (non-US), peaked July 27
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Unilever (non-US), peaked July 1
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UnitedHealth Group (US), peaked July 20
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Altria (US), peaked July 05
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Citigroup (US), peaked July 15
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Brystal Meyers (US), peaked July 15
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Schlumberger (US), peaked July 22
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Gilead (US), peaked July 25
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3M (US), peaked July 20
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McDonalds (US), peaked July 22
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Kraft Heinz (US), peaked July 8
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CVS (US), peaked July 14
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Great research, thanks for sharing all that.
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