Friday, April 21, 2023

NYA and SPX: Targets 1 and 2 Captured

Last update provided some near-term targets for SPX, which were both subsequently captured, with Target 2 then providing support:

Big picture, there's no change and there's just nothing new to say about these big picture charts yet:


In conclusion, the market has (so far) reversed from its upside inflection, but now we're watching to see how that develops to determine whether it helps add confidence to blue 2/3 or not.  Trade safe.

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