MTU Month End Ed - Wedges

Thursday Update (5/28/20)

no change in near term tracking.

Wednesday Update (5/27/20)

SPX broke above the major 2018-2019 resistance zone, and is probing the minor 2019 resistance area (Chart 1).

Near term, a potential small wedge in SPX (Chart 2) and a slightly larger wedge in NDX (Chart 3, NQ shown)

 

Tuesday Update (5/26/20)

MTU Weekend Ed - WXY (5/22/20 close)

No change to the primary tracking count, while keeping an eye on the resistance zone.  A slow market.

Thursday Update (5/21/20)

Wednesday Update (5/20/20)

SPX closed above the resistance zone.