Monday, July 3, 2023

SPX, NYA, COMPQ: Back Test

SPX cleared its most recent high on Friday, as did NYA, putting NYA closer to its significant level (blue (C)).

SPX may have cut its last fourth wave a bit short -- though could still form an expanded flat to create a larger fourth wave:

And last but not least, COMPQ is finally back testing the very long-term trend line we've been watching for a year or so:

In conclusion, not much to add to the past few updates.  We're still watching 16223 in NYA closely.  Don't forget today is a short session, and have a safe and enjoyable Fourth of July.  Trade safe.

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