The Dow Jones Industrial Average (DJI) continues to be the only main U.S. stock indices making all-time highs.
The daily chart of DJI, S&P 500 (SPX), and Nasdaq Composite (IXIC) courtesy of Trading View updates the action of the three main U.S. stock indices.
When only one of the three main U.S. stock indices is making a new all-time it could be the prelude to a bear market. On 07/02/26 only the DJI was able to make a new high. It’s been almost a month since SPX and IXIC have been able to reach new highs.
On 07/02/26 none of the “Magnificent Seven” stocks made new highs. The small cap index Russell 2000 also failed to reach new highs.
The daily Micron Technology Inc. (MU) chart shows another stock that failed to reach a new high.
From 03/31/26 to 06/25/26 – MU rallied over 300%! On 06/25/26 – MU had a great earnings report since then it declined 20%. Everyone that bought MU because of its earnings on 06/25/26 has lost money.
On 07/02/26 MU broke below 1,000, and support made on 06/24/26.
Daily RSI is at 48.47 and far from the oversold zone that begins at 30.00.
MACD has another bearish line cross.
MU could soon reach the 650 to 700 zone.
On the bullish side of the coin both the NYSE – Advance/Decline line and SPX – Advance/Decline line continue to make new highs.
Is this a signal the U.S. stock bull market could continue for the next several weeks? Or is it a bullish fake out? We could have an answer soon.
To all Americans. Happy Independence Day!
U.S.A – 250!
Four Dimension Trading 