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Friday, March 21, 2025

SPX, INDU, COMPQ, NYA: Inflection Still Inflecting -- Here's What Bulls Need

The market hasn't done a lot since last update, but I still have a lot of charts (6 -- but there's a page break at the bottom you have to click) for you today -- so let's jump right into them, starting with INDU at the micro level:




INDU zoomed out a bit:


Next we have COMPQ, which got rejected at red again:


Next up, I'm inserting a page break (trying to get back to keeping the main page a little more digestible):


Oh, and another COMPQ chart.  The bounce UP off black is interesting here:



Next is SPX, which was rejected at black:



And finally, NYA, which could still be a "normal" bullish pattern, if the market wants:


In conclusion, this remains an inflection zone, but so far, bulls haven't done anything to break out of it.  

Oh, and I published a piece on trader psychology yesterday that might be worth checking out if you missed it.  Trade safe.

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