AI
Monday, May 11, 2026 12:20:56 PM
"...SPX did capture its second May 1 target (7390-7400) and has at least paused......"
http://www.pretzelcharts.com/
SPX did capture its second May 1 target (7390-7400) and has at least paused. We'll see if it can sustain a breakout here or not.
The chart below is ONLY relevant if SPX sustains a breakdown at rising green.
INDU is still stuck below blue:
Finally, while I've published long-term gold charts for the last 15 years, I haven't published a near-term gold chart in maybe a decade. So, just for fun, here's a near-term gold chart:
Maybe the most interesting thing about that chart is the clear three-wave decline off the all time high. Gold bears would need to break down below the March low to turn the trend from bullish.
Not much else to add to recent updates. Trade safe.
http://www.pretzelcharts.com/
SPX did capture its second May 1 target (7390-7400) and has at least paused. We'll see if it can sustain a breakout here or not.
The chart below is ONLY relevant if SPX sustains a breakdown at rising green.
INDU is still stuck below blue:
Finally, while I've published long-term gold charts for the last 15 years, I haven't published a near-term gold chart in maybe a decade. So, just for fun, here's a near-term gold chart:
Maybe the most interesting thing about that chart is the clear three-wave decline off the all time high. Gold bears would need to break down below the March low to turn the trend from bullish.
Not much else to add to recent updates. Trade safe.
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