SPX, NYA, COMPQ, INDU: Market Finally Does a Thing

The market has finally done a thing again, as both COMPQ and SPX have finally at least peeked above their respective crash channels.

COMPQ:

COMPQ long-term -- back above the long-term trend line, for now:

INDU:

NYA:

In conclusion, you may have picked up that the recurring theme I'm stressing to bears now is "don't get complacent."  It's very easy to feel invincible after the market has gone your way for a while.  But even if this is a fourth wave correction to the decline, fourth waves can get messy and complicated.  It's also not impossible for the decline to be OVER.  That seems like an underdog right at this moment -- but "underdog" and "impossible!" are very different things, and it is by no means impossible.  Trade safe.

p.s.- I've started aggregating a few enduring pieces, as well as publishing some new work, at Substack.  The latest piece is titled "AI and Robots Won't Take All the Jobs -- Here's Why."  If you enjoy the piece or my work in general, please "like and subscribe!"  Many thanks.