In addition to this chart, I drew up a really nice chart of NYA, which took most of my time... and Stockcharts went back to its old tricks and saved exactly NONE of it. I don't have time to recreate it, so it may have to wait for next update.
In conclusion, SPX would probably look better with another low (potentially to test the 3870s), but I can't guarantee anything, as we did already test the 3880s, which was the next inflection point. Trade safe.
Good post.
ReplyDeleteI like pizza, which is a commentary only gastric.
These aren't my crayons, drat. Yours are way better.
I am NOT a troll. ;)