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Monday, April 29, 2024

SPX Update: Second Verse, Same as the First

Last update expected SPX would continue higher on Friday/Monday into its upside target zones, and SPX came within literal pennies of the first of those targets (5115-40).

Accordingly, there's nothing to add to Friday's update, or any of the last few updates, for that matter.  The annotation is unchanged from 4/26:


In conclusion, today's one of those pleasant days where I don't have to scrutinize every squiggle, and there's no material change to anything we've discussed recently.  Trade safe.

p.s.-- I've used today's title at least once previously, maybe twice.  And I reserve the right to use it again in the future, goldurnit!

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