Wednesday, March 10, 2021

SPX Update

So yesterday's high is a bit of an inflection, but so far, the decline from that high has not overlapped any meaningful levels, so nothing new to report:

In conclusion, at this point, the options remain numerous, and so far, bulls seem to be running with the WXYXZ as shown on the chart -- so I'm just tracking the additional options in real-time on the forum (noted yesterday's high as an inflection when we reached it, just before the large drop).  I'll continue to do so until we have a more concrete development -- but stay aware that for bulls, the next relevant level is the dashed black trend line overhead, while the thicker dashed blue trend line below is the next relevant level for bears to claim and hold.  Trade safe.

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