This has implications for INDU, since it's almost a clone of the same pattern.
And, of course, all of that implies SPX will probably follow along with the crowd:
In conclusion, at some point, we do need to see a larger fourth wave develop, to pair with the 1s and 2s of the bull nest noted in INDU (so a micro fourth wave within the rally wave since the swing low, then leading to a micro fifth wave for that same rally wave), and it's at least possible that the first wave down (a/1) for that occurred during yesterday's session, though I have little confidence in this market at the moment. Trade safe.
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