Wednesday, January 22, 2020

SPX and INDU Updates

Not much to add since last update, except to note that INDU is backtesting the first long-term breakout zone:

And SPX has run to a potential near-term resistance zone:

In conclusion, no material change.  While a near-term correction could begin at any time, there is presently still nothing to suggest anything other than a continuation of the larger uptrend.  Trade safe.

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