Wednesday, January 4, 2023

SPX and NYA: Are We There Yet?

 Last update mentioned:

NYA has formed a potentially interesting bi-modal near-term pattern (though there is the option of a complex flat that finds a bottom south of 15033 but north of 14866).

And since then, the market reversed and NYA declined to just shy of 15033:

SPX remains basically unchanged:

In conclusion, we're still in the noise zone, so there's little to add to the past hundred days (or whatever it's been -- seems like a hundred days) of updates.  Oh, but Happy New Year to everyone!  Trade safe.

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