Wednesday, May 17, 2023

SPX Update: ...

SPX followed last update's blue path fairly well, even peaking at the time of day I'd suggested on Monday's chart.  I would still suspect that it's headed below 4098, which does have the potential to turn more bearish, as long as bears continue holding 4155.

Nothing else to add, so trade safe.

(If anyone missed last update, I mentioned:  I have a son graduating high school this week, and I have family in town for the next couple weeks, so unless there's actually something new to say during that time, the updates will probably be brief. Thanks for your understanding.)

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