Monday, April 24, 2023 12:28:26 PM
"So, all-in-all, still nothing to add. The market remains on the downward side of a pretty significant inflection zone, so if it continues to turn here, that could be significantly bearish -- but it may be awaiting the Fed before getting serious...."
http://www.pretzelcharts.com/
"On Friday, SPX dropped back into its target zone again, and again bounced:"
"This leaves everything in basically the same place it was on Friday for the near-term, and in basically the same place it's been for a while on the intermediate term:"
"There's been nothing to update about the NYA chart since April 3:"
"So, all-in-all, still nothing to add. The market remains on the downward side of a pretty significant inflection zone, so if it continues to turn here, that could be significantly bearish -- but it may be awaiting the Fed before getting serious one way or the other. Trade safe".
http://www.pretzelcharts.com/
"On Friday, SPX dropped back into its target zone again, and again bounced:"
"This leaves everything in basically the same place it was on Friday for the near-term, and in basically the same place it's been for a while on the intermediate term:"
"There's been nothing to update about the NYA chart since April 3:"
"So, all-in-all, still nothing to add. The market remains on the downward side of a pretty significant inflection zone, so if it continues to turn here, that could be significantly bearish -- but it may be awaiting the Fed before getting serious one way or the other. Trade safe".
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