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Wednesday, October 23, 2024

INDU and COMPQ: "No SPX for You!"

As those of you who own tape measures have no doubt noticed, the market has gone nowhere since Oct. 14, choosing instead to grind sideways.  Which means there's still nothing to add, really.  Which means:





So today will simply focus on a zone below the market and a zone above the market (2nd chart):



COMPQ's relevant zone is above the market:



That's it, those are the next two zones to watch, as they have been for the last couple weeks.  Trade safe.

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