Sell SPY by Jul 29, 2026.

The oil price is once again well on its way toward new all-time highs (for anyone who forgot: that’s also one of the reasons we had the -10% correction from January to end of March – largely driven by rising oil prices). On top of that, the S&P 500 just casually delivered a “nothing to see here” rally of almost 14% in 20 trading days. At the same time, the Dispersion Index keeps rising, which basically means: the index is …