Monday, May 2, 2022

SPX Update: Target 4 Captured

Seems like a good day to let the charts do most of the talking.  First up, Target 4 was captured on Friday:

Next, the old "alternate" continues to look perfectly reasonable:

Next, this remains the preferred intermediate outcome:

Finally, BKX seems to add confidence to the preferred outlook:

In conclusion, other than Target 4 being captured, no material change, and the old alternate remains the leader.  Trade safe.

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