INDU did test the blue trend line again, so I guess that's a thing. It was enough to make an annotation on the chart, at least. I mean, honestly, I didn't really NEED to make an annotation about it -- I think my threshold for what gets annotated is just low at the moment, because there's been nothing worth annotating in like 10 days.
SPX barely moved in the last two days:
Same with COMPQ:
In conclusion, there is, of course, nothing to add to the past... what? Couple of weeks of updates? Three months of updates? I mean, really, we're still in the "will it/won't it?" zone for that expanded flat I outlined (in SPX) way back on December 8, 2025. And I've since covered the bull case and bear cases several times in the event the market ever leaves this zone. So yeah, just not a lot to say that hasn't been said three or four times by now.
I guess on the plus side, some analysts have undoubtedly spent the last three months screaming day in and day out that something or other is "imminent!" and they've all been wrong (I'm not thinking of anyone in particular, I'm just guessing based on ~30 years of experience). We've avoided that game, at least, so we've got that going for us.
Anyway, did you hear the one about the Fed Governor? Trade safe.
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