SPX and INDU: Getting Closer

Since last update, INDU made a new all-time high, as expected:

This SPX chart is a wonder to behold:

In conclusion, presuming we're dealing with a simple impulsive rally off the August lows, SPX and other indices should need roughly the same 4/5 unwinds that INDU needs, so that chart serves as a reasonable proxy for the broad market right now.  We should finally get a decent correction again once those waves complete.  Trade safe.