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Monday, January 12, 2026

SPX and INDU: The Bob Seger Market (Still the Same)

The big picture is unchanged since last update (of course), and was covered in detail there -- so if you missed that, it might be worth reviewing:  SPX and INDU Big Picture and Near-Term: Nearing the End of the Grind?

Near-term, not much has changed, either.  

SPX is still in a rising-wedge type pattern:


INDU is still near the upper boundary of its intermediate channel:


In conclusion, the market's been in a phase where little has changed recently, but we do have a pattern that continues to be worth keeping an eye on, with the wedge (potential diagonal or bull nest) in SPX.  Trade safe.

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