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Friday, September 18, 2026

SPX and COMPQ: Trendlines and Powerlines

So after 4 weeks and 5 figures, we finally have power and internet again.  Hurrah.  There's a long and convoluted story there if anyone ever wants to hear it -- but either way, years from now, when some news report mentions that "after Hurricane Lala, some people in Hawaii were without power for a month!" you can say, "Yeah, I know one of them."

Since last update, the value of the SPX trend line chart proved itself again:



COMPQ held above its key zone as well:


In conclusion, the WXY I've talked about for a while remains very much on the table for now.  In the event bears were to sustain breakdowns at support, though, then bulls should become very cautious.  Trade safe.

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