SPX, COMPQ, NYA, INDU: Interesting Times

I'm going to mainly let the charts do the talking today.  Let's start with COMPQ, which finally broke above its red resistance line.  For a minute, anyway.

Next is NYA, mainly to illustrate why things are getting a little more interesting now:

Next is INDU, whose near-term outlook is the same:

Finally, SPX, with one potential outlined:

In conclusion, in my perfect world, SPX would go on to form a triangle fourth wave here, launch out, hit its target, and reverse.  If it breaks down before then, then there are still options for that decline to be a C-wave, but we'll have to start watching things more carefully, because, as we know (and as illustrated on the NYA chart), we are likely into a larger fifth wave.  And my old personal adage is, "Never bank on fifth waves."  For now, we'll continue to presume there are still higher prices out there, but I did want to illustrate that it's not a great place for complacency.  Trade safe.