Wednesday, March 31, 2021

SPX Update: No Change

Since last update, nothing "new" has happened:  The market dropped down to the next support zone and bounced up to the next resistance zone, where it's currently stalled.

(note typo:  "against" should be "again")

I looked over many charts last night, but there's really nothing new to add.  While the overall pattern is incredibly choppy, the market has been reacting to the trend lines on the chart above for months now, so we'll keep paying attention to those trend lines until that stops working.  Beyond that, not much to add.  Trade safe.

1 comment:

  1. Combine extreme degradation of moral behavior by state and federal politicians, FOX NEWS endorsement, pandemic bottled hedonistic behavior, housing, artificial low interest rates, largest economic disparity ever, hate and violence sanctioned by state, dismantling of our constitution, earnings euphoria, and no pretense to care about our national debt spells only one outcome. Great depression a prelude to the big event. WHEN? Sorry but events like this are so rare there is no metrics to go by.