Wednesday, August 14, 2019

SPX and INDU Updates

Spent so long on the charts I lost track of time and have to rush for publication -- so short and sweet today, but long on charts.  This is a VERY unusual market, so it has kept its options open.

Big picture, still sandwiched between two inflection points:

INDU near-term:

SPX near-term discusses these options in more detail:

In conclusion, it's a very difficult market right now.  I've done my best to outline the options that make the most sense to me (the double retrace has the most appeal of these, but it's a coin flip), now it's up to the market.  Trade safe.

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