Friday, January 22, 2021

SPX and INDU: Interesting


First up, let's look at a version of the long-term INDU chart that we haven't looked at since March, mainly because I want to call attention to the large megaphone:

Near-term, we're probably not quite there yet... though I presently trust this market about as far as I can throw it, so I'm open to anything here.

In conclusion, we have some interesting things to watch heading forward, as this last bit of long-term peacetime prosperity unwinds.  Trade safe.

1 comment:

  1. On INDU chart is your RED (5) the end of this entire move as EWI are proposing or are you looking for pull back to bottom of megaphone and then another move up? Alternatively could RED (5) be wave 1 BLUE of final leg?