Monday, February 8, 2021

SPX Update after a Boring Super Bowl

Not too much to add since last update, except to note that the market was obviously awaiting the results of the Super Bowl with great anticipation, so at least that's out of the way, with Tom Brady now holding more rings than any single franchise in history. Which is b-ull-earish, if memory serves.

Oh, and to note the approaching overhead confluence, and the next potential target in the event bulls can sustain a breakout there:

Intermediate-term, SPX is now into the no-man's land between the two major trend lines.  

In conclusion, mot much to add, except to highlight the next near term zones (on the first chart).  Trade safe.

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