Friday, December 8, 2023

BKX, NYA, COMPQ, etc. Updates: Vive la Résistance

The market continues its sideways grind, so not much to add overall, but I do want to note that BKX, too, has now reached resistance, just overhead:

So it joins NYA, which hit resistance a little earlier (as mentioned previously):


And, of course, INDU (also noted previously) and SPX (no new chart needed), which is in the resistance zone of the prior high (also noted previously).  So, we'll see if resistance resists or not, but most major markets seem to have reached it together (in some cases, it's a little higher than the market's current prices).  Trade safe.

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