Monday, November 21, 2022

SPX and COMPQ Updates

The market did basically nothing on Friday, so the very short-term is now even more of an overlapping mess, thus giving no new clues and leaving us in basically the same place we were on Friday.  In other words, we'll continue focusing on the big picture until the short-term clarifies a bit.

I did want to note that COMPQ is back to intermediate resistance, so while there's still nothing that suggests we've changed the near-term trend (yet), this is still an area of interest.

In conclusion, nothing much to add to the past couple updates.  Trade safe.

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