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Friday, October 10, 2025

SPX Update: A Bit of Lethargy

Last update was on target:


And of course the eternal channel is still active:



In conclusion, the first chart notes that the rally is finally showing some signs of... I don't want to say "exhaustion" just yet, but certainly some lethargy.  That said, there's no distinct pattern we can point at as a slam-dunk example of this, but we've seen a lot of overlap and little progress recently -- and that can sometimes be a warning sign.  So bulls should at least keep on their eyes open here.  Trade safe.

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