Chart o’ the Day: The “POH” Setup is Working

From my friend David at All About Trends:

When one looks at the current trend off the November lows a few things stand out — namely the pullbacks in terms of the duration, the depth and the percentages they’ve pulled back.

Take a look at the daily charts below of the NASDAQ Comp and the SPX. They pretty much tell the story within the current trend.

Chart

Chart

Source:

All About Trends

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