Pretzel Logic's Market Charts and Analysis

Commentary and chart analysis featuring Elliott Wave Theory, classic TA, and frequent doses of sarcasm from the author who first coined the term "QE Infinity." Published on Yahoo Finance, NASDAQ.com, Investing.com, etc.
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Articles of Interest

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Monday, June 22, 2026

SPX Update: It Was Easier When It Was Hard

On June 12, I mentioned that "there's not a ton of cross-market agreement right now. And that alone is cause to avoid complacency....

Wednesday, June 17, 2026

SPX and INDU Updates

On June 12, I talked about how INDU and NYA didn't seem to be playing along with the bear case, and both have since made new highs. SPX ...

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 ...

Friday, June 12, 2026

SPX and INDU: Holding the Bear Case to the Fire

So SPX performed almost exactly as drawn on the black projection in the prior update, but that doesn't mean we should rest on our laurel...

Wednesday, June 10, 2026

SPX and COMPQ: A Larger Impulse Down

SPX did go on to form a larger impulse down, as suspected. I spent a lot more time than I anticipated on the charts, so we're long on c...

Monday, June 8, 2026

SPX Update: Both Downside Targets Captured

Last update noted that we had a new "impulsive looking" decline -- and the market confirmed that and captured both its downside ta...

Friday, June 5, 2026

SPX Update: Not from Our Universe

Last update noted: There are some early signs that maybe it wants a correction here (that's what prompted me to draw those potential sup...

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