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Monday, June 15, 2026

SPX and INDU: Narrator: "It Did Not"

Last update ended with: In conclusion, SPX looks straightforward, but there's not a ton of cross-market agreement right now.  And that alone is cause to avoid complacency.  Bears probably want to see INDU break down again fairly directly or they could be in for a larger rally. 

INDU did not break down -- in fact, it rallied:



And now SPX futures are indicating bears are indeed in for a larger rally:


So we'll just have to see how SPX does with its next inflection zones. Trade safe.

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