No change to the big picture, and while SPX is within an inflection zone, Red 2 remains on the table:
In conclusion, my initial instinct last update was that SPX had only formed three waves down and was thus likely to rally and return to the low, and I'll stick with my first read for now, but INDU has at least caused me a bit of uncertainty in that, so we'll see how it plays from here. Trade safe.
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