Wednesday, May 29, 2024

SPX and INDU: Testing, One, Two

SPX has gone a whole lotta nowhere since last update, but futures indicate it's probably going to retest last week's low on the open, so let's look at some options there, with the red trendline (plus/minus) being the next seemingly-important zone:

INDU is in a similar position:

Not much to add beyond that, as it's something of a "wait and see" as the market tests a potential support zone here.  Trade safe.

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