Monday, January 23, 2023

SPX Update: Short and Sweet

No change since last update, or since mid-December (though, really, for longer if we refer back to the macro chart, which has been largely unchanged since early November), so I'm going to keep today's update short and sweet.  The question is still unresolved on "blue 2 vs red 2."  Worth noting that a break of the obvious falling trend line on the way to red 2, were it to occur, would go a long way toward convincing many people that the bear was over (I currently believe this would be a fake-out, though):

In conclusion, there's not much for me to say that I haven't already said in 20 ways already over the past few months, so... trade safe!

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