Monday, May 24, 2021

SPX and NYA: Just Hanging Around

I have a ton of thoughts I want to share here, but I started and stopped two different pieces this weekend because I don't want to get out too far ahead of the curve just yet.

So:  On Friday, SPX decided to spite me by coming up about a point shy of my target zone:

NYA was rejected at red for the second time, but could tag red a little more properly if it wants:

Beyond that, not much to add to the past few updates.  SPX is still hanging around in the middle of the zone we identified on May 14 (see:  SPX Update: Targets Captured; Inflection Zone), and there's been no new information from SPX since then (though INDU might have provided some; see Warning in a Normal Market).  Trade safe.

No comments:

Post a Comment