Market Outlook — Wednesday, August 5, 2026: Broad Rally Pushes SPX to New Highs, Tech Leads, Breadth at Maximum
SPX closed at 7,736.52 on Monday August 4 — a new high relative to the pre-selloff print. Breadth at 100% (every S&P 500 component above its 50-day MA). VIX 16.35, term ratio 0.796 — a bull regime. Consolidation risk rising.