SPX and COMPQ: Something Interesting to Watch

Last update suggested the decline SPX was experiencing was likely a 4th wave, and the new high since then has confirmed that.  It probably needs at least one more 4/5 unwind:

COMPQ is still lagging.  An interesting scenario would be if SPX managed to unwind another 4/5 while COMPQ still failed to make a new high.  Something like that might put bulls at least on guard, were it to occur.  On the flip side, if COMPQ were to clear its prior high convincingly, then there could be weeks of upside still remaining -- so how it behaves here is of interest to both bulls and bears.

In conclusion, SPX performed as expected, so not much else new to add.  Trade safe.