Saturday, June 12, 2021 9:28:00 AM
"....let the charts do most of the talking."
http://www.pretzelcharts.com/
"I went round and round with Stockcharts tonight, so don't have much time left and will let the charts do most of the talking.
First up is an old, extremely-long-term chart that was buried in a no-longer-used chartbook of mine:"
"Next is another long-term chart (which doesn't go back nearly a century to find a connection point):"
"Finally, the near-term chart:"
"In conclusion, when we examine the very-long-term charts, we may get a clue why SPX is acting so screwy lately. It's testing some major long-term levels, which seem to be short-circuiting the near-term a bit. While the original read of a B-wave high, C-wave decline ended up being correct, the market is far from clear on what it wants to do next, so we'll just have to await a bit more info. Trade safe."
http://www.pretzelcharts.com/
"I went round and round with Stockcharts tonight, so don't have much time left and will let the charts do most of the talking.
First up is an old, extremely-long-term chart that was buried in a no-longer-used chartbook of mine:"
"Next is another long-term chart (which doesn't go back nearly a century to find a connection point):"
"Finally, the near-term chart:"
"In conclusion, when we examine the very-long-term charts, we may get a clue why SPX is acting so screwy lately. It's testing some major long-term levels, which seem to be short-circuiting the near-term a bit. While the original read of a B-wave high, C-wave decline ended up being correct, the market is far from clear on what it wants to do next, so we'll just have to await a bit more info. Trade safe."
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