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Wednesday, August 12, 2026

SPX, INDU, COMPQ: Extreme Market Dissonance

SPX hasn't moved since Thursday, so there's little to add... but I'll add something anyway.  

The charts are pretty self-explanatory here.  SPX first:



INDU is interesting:



And COMPQ is still in the same place:



The charts pretty much say it all here... we have three markets that all seem to be on different pages.  This extreme dissonance suggests traders are heavily divided on what they're anticipating next.  Trade safe.

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