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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