No Damage Yet in S&P 500 (SPX) Uptrend

Now that the SPX has thrust to a new high today at 1292, let's notice that since the first-hour high the new column of "O"s has developed on our pt and fig chart -- but just as has been the case all week, the "O" column has not (yet) inflicted any damage to the existing uptrend.

For more of Mike Paulenoff, sign up for a Free August Trial to his ETF Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!