Monday, March 22, 2021

SPX Update: Thanks Again, Stockcharts

On Friday, SPX captured the 3880s discussed in the prior updates:

In addition to this chart, I drew up a really nice chart of NYA, which took most of my time... and Stockcharts went back to its old tricks and saved exactly NONE of it.  I don't have time to recreate it, so it may have to wait for next update.

In conclusion, SPX would probably look better with another low (potentially to test the 3870s), but I can't guarantee anything, as we did already test the 3880s, which was the next inflection point.  Trade safe.

1 comment:

  1. Good post.
    I like pizza, which is a commentary only gastric.
    These aren't my crayons, drat. Yours are way better.

    I am NOT a troll. ;)