The pattern above is interesting, because it would line up well with the old long-term extended fifth target for SPX. Of course, keep in mind that if we get there, the fifth could always choose to tack on another extension...
INDU continues to bounce from its long-term trend line:
COMPQ has been stuck in neutral:
Finally, correctly identifying the "three down" inflection zone in SPX a week ago turned out to be quite helpful:
In conclusion, bulls have held all the zones I called out last week, so unless something breaks, there's still nothing for bears to write home about yet. Trade safe.
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