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Friday, May 16, 2025

SPX and COMPQ Updates

Last update noted that several markets were reaching resistance zones, and though SPX moved a bit higher, that remains true (given that these are "zones" and not exact levels).  We can see SPX is still within points of red resistance:



It's worth mentioning that there could be enough waves in place for a correction here... but without any impulsive declines yet, please take that with a grain of salt:



COMPQ also remains in its resistance zone:



In conclusion, not much else to add (to recent updates) beyond that.  We'll see if bears can do anything with this opportunity or if it gets squandered.  Trade safe.

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