Wednesday, December 16, 2020

SPX Update

Not much has happened since last update -- in fact, the market is in nearly the same place (price-wise):

So, of course, nothing has changed yet regarding the intermediate trend line:

In conclusion, the market has yet to make up its mind as to whether it wants to continue to rally in the previously-discussed potential third wave, or decline first in a corrective C-wave (before likely rallying again afterwards to resolve what would presently appear to be a B-wave high).  Trade safe.

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