SPX, NYA, COMPQ: Make It Official...

No change from last update, except to note that the long-term preferred count in COMPQ has been officially confirmed.

A reader asked for the potential target for (5) of 5. Do keep in mind that (5) of 5 can always extend.  This may be setting up for that inflection to approach near the election.  As the common market wisdom goes:  Status quo is almost always what a market like this wants, thus that could be the market's best chance to keep the party going.

NYA backtesting blue:

Finally, just a quick update to note that finally calling a bottom in oil (after 9 years) seems to have done the trick:

In conclusion, no material change from last update.  Trade safe.