SPX, NYA, and Jerome Powell Updates

The market has continued to generally bore everyone to death, leaving me forced to write about unsubstantiated rumors regarding Jerome "the Gnome" Powell.  Who, according to Sources Familiar With the Matter™, is soon almost certainly going to be stepping down... a flight of stairs.  The internet is abuzz with this rumor.  Can Powell handle stairs?  Will he use the handrail?  How many stairs in all?  Everyone has an opinion.  But Experts on Jerome Powell dismiss this as wishful thinking.

"Jerome Powell hates stairs," one Expert with a PhD in Powell opined, "He'll almost certainly use the elevator."

We'll keep a close eye on this story going forward.  Unless I forget, which is likely.

Market-wise, not a lot has happened since the last time we looked at it.  Friday traded in a range.  I did spot one "possible curveball" -- but it's just a potential, there's not really anything concrete suggesting this will happen.  So this is designed to arm readers with this knowledge, in case the market drops on Monday:

Intermediate term, SPX is still holding all its trend lines:

And NYA has now officially captured its next target and potential resistance zone:

In conclusion, SPX remains in its intermediate uptrend for now, so not much else to add.  As I've noted several times: The black trendlines on both SPX charts are the first thing to watch for any signs of possible weakness.  Trade safe.