Amazon

Thursday, June 5, 2025

SPX and NYA Updates

Yesterday, SPX dropped down to test the black trendline that I highlighted on Wednesday:



It also tested the larger black channel:



Finally, NYA has rallied to its next upside target -- which also happens to be the final resistance zone:




In conclusion, no real change from last update, because all we've seen since is additional confirmation of what I wrote then:  The black trendlines on both SPX charts are the first thing to watch for any signs of possible weakness.  Trade safe.

No comments:

Post a Comment