Wednesday, July 3, 2024

SPX, COMPQ, and Thank You

First off, I want to take a moment to thank everyone who responded to Monday's post (as well as everyone who was already a reliable supporter, of course!) -- I truly appreciate your warm response, thank you.  (I may speak about this more on another day.)

Chart-wise, SPX performed about as well as we could have hoped in order to match the pattern I thought I was seeing a week ago:

COMPQ discusses the options from here:

In conclusion, we're now into territory where things could begin wrapping up, but it remains to be seen whether the market will choose to subdivide the current wave to stretch the rally longer and higher.  In the event it elects for an extension, then it could run notably higher.  Trade safe -- and have a safe and pleasant 4th of July!

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