Friday, May 17, 2024 1:26:33 PM
".....I'm inclined to lean toward the idea that 4/5 up are still needed [SPX]. But that's certainly not a given, so we'll see how it develops...."
http://www.pretzelcharts.com/
"Since last update, SPX continued tracking the preferred count and captured its first upside target:"
"I was asked to update BKX, so here it is. This chart actually already contained all the relevant information, specifically: that bear 1 would invalidate above 105, that this would not invalidate the larger bear 2/b, and that the upper blue line (+/-) would then become the next likely target:"
"In conclusion, with SPX's target capture, things do feel a little trickier again, despite the fact that, at the moment, I'm inclined to lean toward the idea that 4/5 up are still needed. But that's certainly not a given, so we'll see how it develops. I'll try to update oil in the next update. Trade safe."
http://www.pretzelcharts.com/
"Since last update, SPX continued tracking the preferred count and captured its first upside target:"
"I was asked to update BKX, so here it is. This chart actually already contained all the relevant information, specifically: that bear 1 would invalidate above 105, that this would not invalidate the larger bear 2/b, and that the upper blue line (+/-) would then become the next likely target:"
"In conclusion, with SPX's target capture, things do feel a little trickier again, despite the fact that, at the moment, I'm inclined to lean toward the idea that 4/5 up are still needed. But that's certainly not a given, so we'll see how it develops. I'll try to update oil in the next update. Trade safe."
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