Wednesday, March 29, 2023

SPX, NYA, OIL Updates

Last update focused on the near-term potentials, and the market traded sideways/down since then, leaving everything unresolved.  I've added the new relevant commentary to the near-term SPX chart:

No change in NYA:

Finally, I thought about adding this oil chart to Monday's update, then didn't, and I'm still uncertain about adding it now... but will anyway.  Oil does NOT yet have an impulsive rally off the low, so keep that in mind, as this may be premature.

In conclusion, not much to add beyond that.  Trade safe.

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