S&P 500 Index $SPX update

 S&P 500 Index update

The S&P 500 Index (SPX), closing today at $4,146.22, in rally mode, moved up and closed over a price reversal of $4,144. This risk is to the Up side. This is pure trend following. Stock chart below, comment welcome. 

S&P 500 Index (SPX)

Nasdaq 100 Index price reversals

 Nasdaq 100 Index price reversals

As the Quarter closed, The Nasdaq 100 Index (NDX) has rallied approx. 36% on an annualized basis, from the closing low of November 4th, 2022. Will Rogers famously said, “Invest in inflation”.

Today intraday, the (NDX) is trading at $13,116.  The immediate price reversal level to watch is $12,978. Trading above that level will help indicate the directional trend going forward. This is trend following, not forecasting or predicting. Stock chart below, comments welcome:

Nasdaq 100 Index (NDX)