Commentary and chart analysis featuring Elliott Wave Theory, classic TA, and frequent doses of sarcasm. Work published on Yahoo Finance, Nasdaq.com, Investing.com, RealClearMarkets, Minyanville, et al
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Friday, June 4, 2021
SPX and NYA Updates
Let's get right into the charts today. SPX has put itself in an interesting position:
NYA has managed a clear three waves down (suggestive of an ABC correction unless yesterday's low breaks):
In conclusion, the next key levels at least appear to be fairly clear over the near term. Trade safe.
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