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Friday, January 31, 2025

SPX and COMPQ... and Trouble on the Far Horizon for NVDA?

Since last update, we not only had a Fed day, but people have figured out how to build full model LLMs without getting heavily invested into GPUs (potential trouble brewing on the far horizon for NVDA), and yet the market has gone basically nowhere.





SPX is starting to get that "bear diagonal or bull nest" look to it, so it may be getting ready to move more decisively quite soon:



COMPQ still has both options open (as does SPX, of course):


In conclusion, nothing has happened since last update, so there's just nothing really to add.  Trade safe.

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