Friday, October 20, 2017

SPX Update: No Material Change -- Plus a Link to a Much More Interesting Article

During the weekend, be sure to check out:  The Acrobats:  Why the Central-Bank-Driven "Prosperity" MUST Eventually End.

I'm a little short on time after publishing the above (which I actually worked on for about a week on and off), so we'll get right to the chart here.

First off, the big-picture chart has kept us pointed in the right direction, and I've ended almost every update with something along the lines of "the market still appears pointed higher."

It appears the market did opt for the expanded flat after all, with yesterday's overnight low marking bear (c):

Had a really hard time uploading charts tonight, so this is a few minutes after the bell.  Nothing really to add to the charts.  Trade safe.

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