Let's start with SPX:
Next up is COMPQ:
And finally, NYA:
In conclusion, as we've known for a while, the market is potentially into the final fifth wave up from the 2022 lows, so it's a tricky position for bulls. Thus far, we have no confirmation of an impulsive turn, so whether or not that was "it" for the bull market or not remains to be seen. Given the pattern in the charts at this exact moment, I'd probably still rather see another wave up, but it's maybe 50.5/49.5 at this point, so a larger decline would not come as a surprise at all. And against the possibility that the bull market is over, we don't want to get caught trying to pick up nickels in front of a freight train. I'm far more certain that "the top is closer than the bottom," so be careful out there and trade safe.
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