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Friday, August 9, 2024

SPX and COMPQ: One Update Turns into Two

Ah yes, it's Wednesday again, the ever popular "Day with a Silent D."  Wait a second.  (Checks calendar.)  Apparently, two entire sessions have passed since last update, which means today is actually Friday -- though you'd never know it from the price action.  The market has barely budged since last update, and long-time readers know what THAT means.  It means I have to try to kill time with paragraphs like this one so that I don't feel like I'm being lazy when I say, "no change."

But...

No change.  Obviously.  

So here are Wednesday's charts again, in lieu of the oft-requested cute bunny pictures.

First up is SPX:



Ha, gotcha!  Lord only knows why Dall-E can't spell "photorealistic" or why it even chose to print that below "SPX," which was the only thing I actually asked for, but no man knows the mind of an AI.  Anyway, a forum member suggested that Bunnies might be our new good luck charms, so I figured: Why not?

Here are the real SPX charts, unchanged from Wednesday:






And finally, COMPQ, changed only in that it's trying to edge the annotations off the chart, and I refuse to recenter them because it will entail entirely redoing them:


Nothing to add beyond that.  Trade safe and have a great weekend.

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