Friday, June 25, 2021

SPX and INDU: It's a Mad Mad Mad Mad Market

Since the last update, SPX did make a new all-time-high, then hit red resistance and got stuck there for the entirety of yesterday's session.  A sustained breakout could take it toward next red:

INDU's updated chart below:

In conclusion, the C-down inflection, which was revealed in advance by INDU's chart, has continued to generate this ongoing bounce.  SPX has made a new all-time-high, and its options as discussed last update stand (as does the target zone if this is "bull: 3").  Trade safe.

No comments:

Post a Comment