This chart shows how faithfully (so far) that the $NDX has respected it's 'micro' trendlines:
The $NDX 'Macro' trendlines, however are pretty close to being exceeded, and arguably, have failed:
For the $SPX, it's the reverse, the 'Micro' trendlines are currently this:
This price action is probably only slightly being affected by the 'Micro' lines. Particularly, the light green line, which the price action is pretty much 'through'.
The 'Macro' situation is different:
This last chart shows heavy resistance (upward traveling, curved light brown line above price action), that is still right overhead...
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