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Monday, July 14, 2025

SPX and COMPQ: Resistance

The market has continued to be less exciting than reading a manual on toilet installation, but apparently they're still ringing the opening bell everyday, so here we are.  

Despite Friday's attempt to bore everyone to death, let's start with an interesting chart of SPX:



COMPQ has reached a similar (though not quite as old) line:


Finally, the near term SPX chart shows the first zone bulls will need to hold/bears will want to break (on a sustained basis):


In conclusion, the market has paused for a few sessions at resistance, so let's see how it handles this next.  Trade safe.

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