Wednesday, February 6, 2019

SPX and INDU Updates

Last update noted we might be approaching an inflection zone, but that the trend remains up unless and until bears forced a breakdown of the defined uptrend channel.  So far, no breakdown, and the market has meandered higher.

A bit closer view:

INDU has a similar appearance:

In conclusion, there's still nothing much to add, which is, of course, the way bulls like things during an uptrend.  Trade safe.

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