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Thursday, October 2, 2025

SPX and INDU: I've Rewarded Bad Behavior (Twisting My Arm Worked)

In the last update, after a little COMPLETELY UNNECESSARY arm twisting, I offered my opinion that INDU and SPX were likely to retest or exceed their prior all-time highs. SPX then went on to exceed its high, while INDU moved into the zone of an approximate retest without exceeding its ATH.

As of this moment, it's probably reasonable to expect SPX to at least get closer to the median line on the blue channel.  Be aware that the median line has acted as resistance on several occasions now, so if bull can't clear it, then it could continue acting as resistance and lead to another rejection.


In INDU, I'd expect it to probably move at least a bit higher here -- and if it can sustain trade over its ATH, it could even pick up a little more steam:


Not much else to add beyond that.  Trade safe.

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