Friday, April 9, 2021

SPX, Drugs, and Rock n' Roll (or not)

So we had some brief fireworks on April 5, but this market has been a grind since then.  Thus, no real change to the past few updates.  Of minor note that near-term resistance has continued holding:

Big picture, we have the red trend line still undergoing its test:

Intermediate term, the green trend line now hangs beneath the market:

In conclusion, the last few sessions have been pretty dull, so nothing much to add at this point.  Trade safe.

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