MTU Weekend Ed. - Update (5/26/23)

 

MTU Weekend Ed. - The Zone (5/19/23)

SPX is probing the top of its resistance zone, closed above the Feb 2022 low and slightly shy of the Jan 2022 low (Chart 1)

A reaction (down) from current levels could be labeled as a reversal from an ending expanding triangle or wave C-down of an expanded flat (Chart 2)

Chart 3 updates the larger tracking scenarios. 

MTU Weekend Ed. - Two Trianges (2) (5/12/23 close)

Potential triangles update - INDU did a post-triangle deep retrace to probe the small triangle boundary while SPX consolidated at a higher level. 

Long term NDX tracking

 

MTU Weekend Ed. - Two Triangles (5/6/23)

Two triangles, both potentially bullish  (chart 1 SPX,  chart 2 INDU), and how they potentially fit into the larger structure (chart 3 SPX)