SPX, INDU, COMPQ: Finally

For the past few weeks, we've been watching INDU's long-term trend line and waiting for the market to announce its next intentions -- which it now seems to have done.  Let's look at the charts and see what we've got now, starting with INDU itself:

SPX captured its next target, and its pattern suggests that there are probably some 4/5 unwinds needed, which could play out over the coming weeks:

COMPQ, on the other hand, is a bit of an outlier and -- so far -- hasn't played along with the breakouts in SPX and INDU:

In conclusion, COMPQ is playing it close to the vest, but INDU has finally broken out above its long-term resistance zone, so as long as that holds, then bulls probably have the ball for a bit, perhaps continuing into the election or thereabouts.  Trade safe.