COMPQ was rejected soundly at its resistance zone:
And NYA continues to show the most bearish long-term scenario:
In conclusion, the markets captured the "one more wave up" that I was leaning toward before the election, so there aren't any more "obvious" waves up still needed, and if the pattern wanted to reverse from here, it's free to do so. Thus far, we don't have an impulse down, though, either -- so I don't presently have any hard targets until the market either proves it wants to change trend or shows it wants to keep the decline as a three-wave correction. I'll be watching closely how this develops over the next few sessions, though. Trade safe.
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