Monday, May 1, 2023

SPX and NYA Updates

On Friday, SPX's 4169 high was broken, showing that it was a b-wave high:

NYA has not yet broken its corresponding high:

And no change to the big picture yet:

Thus, still no change to the zones we've been watching.  As noted on Friday:
bears still need to whipsaw the intermediate red line to be in better shape, while bulls still need to sustain a breakout over 4195 to help their cause.

Trade safe. 

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