Last update prognosticated:
What we see on both charts is three waves up (so far) off the recent lows, which suggests that this is (most likely) not yet a complete rally wave. An alternate potential to remain aware of (for the next session or two, anyway) is for those three waves to mark yet another b-wave high, which would reverse back toward the right-most "IV?" on the COMPQ chart, before rallying again. Given the strength of the rally so far, that seems less likely, but it is still technically possible... At this point, it appears to remain bulls' ball, for now, with at least one micro fourth and fifth probably still needed, possibly two.
Friday's market obliged, and it's worth mentioning that the b-wave high option appears even less likely after Friday's continued rally.
I've added a few "rough" spec labels to COMPQ as a visual aid (don't take these as gospel):
No material change in SPX yet, either:
In conclusion, not much else to add to recent updates. Trade safe.
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