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Monday, August 19, 2024

SPX and INDU: There Are No Aphids in Foxholes

Ah yes, another day of saying basically the same thing I said in the prior update, which was basically the same thing as the prior update, which was basically the same thing as the prior update...

Supposedly, an infinite regress is impossible, but I'm starting to wonder.

Anyway, since there's not much else to say, I did add an initial bull target to the chart, in the event we're witnessing a straightforward impulsive rally wave unfold from the most recent low:




I've added nothing to the INDU chart, because there's nothing to add:


In conclusion, there are no new conclusions to be drawn that would add anything substantive to the prior conclusions.  Trade safe.

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