No change whatsoever from recent updates. Worth noting that INDU's 38.2% retrace sits near 24,770, which may provoke some kind of reaction from the market. Other than that, nothing to add, so I've simply updated the price action on the charts:
Classic TA view:
And SPX:
In conclusion, nothing to add. Last few update discussed that there was (as there often is) potential for a complex corrective wave, and that option still remains on the table, but will diminish the lower the market goes. It still remains a case of "pay me now or pay me later," and all roads still point lower for the time being. Trade safe.
No comments:
Post a Comment