SPX and INDU Updates: Ambiguity Remains the Order of the Day
In yesterday's outlook (see Market Wants to Take Things 'One Day at a Time') I outlined the fact that I felt the S&P 500 (INDEXSP:.INX) was quite ambiguous and as a result choose to focus on the Dow Jones Industrials (INDEXDJX:.DJI) as a waypoint -- hopefully one that would help in unlocking the wave count in SPX. I expected INDU needed to make a new high which it did. However SPX did not follow suit and stalled right at the key 1525 resistance level.   We are now within potentially dangerous territory for traders. I can tell you from ...
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