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Friday, May 22, 2026

SPX and INDU: Murk-to-Murket

So of course, now INDU makes a new high -- at least, a new high for this recovery leg, if not a new all-time high yet.


That new high does at least open some questions in SPX:



Big picture, it might be worth keeping an eye on the rising green trend line as a simple support zone:


In conclusion, INDU's new high does add a bit more murk to the already less-than-crystal-clear water, so both sides probably want to stay on their toes until the picture clarifies a bit.  Trade safe.

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