Monday, January 10, 2022

SPX and COMPQ: Still on Target So Far

Since last update, SPX made another new low, adding even more weight to the preferred count.

I didn't update the SPX chart annotation because Stockcharts is back to doing that annoying thing where if I try to update the chart, it deletes ALL my prior annotations:

And I didn't update the COMPQ chart, because there's nothing to update:

In conclusion, "so far, so good" remains the order of the day, and the market so far remains on-pace to play out the preferred count.  Trade safe.

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