Thursday, February 22, 2024 10:01:38 AM
".......the market has behaved as expected so far, though I'd like to see SPX capture its next targets as well."
http://www.pretzelcharts.com/
"Since last update, COMPQ confirmed its count and the (then presumed, but since confirmed) first impulse down:"
"SPX went the right direction, but has so far held above the low of the prior (presumed) impulse down:"
"INDU continues to show that bulls probably still have the long-term ball (for now), but bears do have two intermediate options that could generate large declines in the meantime:"
"Below is BKX, and again, this is not a "prediction," just a reminder to the most bearish possibility. The most bearish BKX option could pair with either of the intermediate bear options in INDU:"
"In conclusion, the market has behaved as expected so far, though I'd like to see SPX capture its next targets as well. Trade safe."
http://www.pretzelcharts.com/
"Since last update, COMPQ confirmed its count and the (then presumed, but since confirmed) first impulse down:"
"SPX went the right direction, but has so far held above the low of the prior (presumed) impulse down:"
"INDU continues to show that bulls probably still have the long-term ball (for now), but bears do have two intermediate options that could generate large declines in the meantime:"
"Below is BKX, and again, this is not a "prediction," just a reminder to the most bearish possibility. The most bearish BKX option could pair with either of the intermediate bear options in INDU:"
"In conclusion, the market has behaved as expected so far, though I'd like to see SPX capture its next targets as well. Trade safe."
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