Last update anticipated that no matter what pattern SPX was in, it would likely head toward two possible targets, both of which it then captured before reversing:
Futures are suggesting a new swing low for SPX -- if that holds and if COMPQ does the same, then COMPQ in particular is going to start to look pretty impulsive off its suspected wave 5 high:
INDU has been the market that's causing misgivings, but if it can overlap the black line, and especially the red line, it's going to have a more bearish technical look (though then we'll have to worry about the ATH as a b-wave, we'll burn that bridge when we get there).
In conclusion, SPX captured its upside targets and reversed. COMPQ hit noted resistance and reversed and will start to look impulsive with a new low. INDU is still a bit of an outlier, but maybe that will resolve soon, too, we'll see. Bears do still need to sustain new lows in COMPQ and SPX first, though. Trade safe.
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