SPX and COMPQ: Inflection Zone at Friday's Low

On Friday, I let three charts do the talking, while the SPX chart noted that the decline could be closing in on completion.  Futures are currently indicating a big bounce from Friday's low, so here's the updated state of things:

COMPQ ended up dropping right to its new "or 4?" label before bouncing:

In conclusion, Friday's low (give or take) is probably a pretty important inflection point, since it could mark three down in COMPQ and the bottom of the c-wave of an expanded flat correction in SPX.  If bulls are still in the near-term driver's seat, this is an opportunity for them to run it back up to new ATHs.  If bears can instead sustain trade below Friday's low, it might indicate a shift, as that would start to look like 5 down in COMPQ, at least.  Trade safe.