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Friday, December 6, 2024

COMPQ and NYA Updates

Since last update, no change to my lean that SPX probably still needs at least one more small 4/5 unwind up, which could unfold now if it so chooses.  COMPQ appears to possibly need two more 4/5 unwinds:



NYA (pronounced "nyah," as in "nyah, I don't want any more coffee right now.") is tracking the first blue line fairly well so far (the first one, being the immediate future on the day I draw it, is always the easiest, so expect some deviation down the line):


Other than that, still not much to add.  Be interesting to see if SPX elects to play out its fourth wave now (some indications that it might, but nothing concrete), or if it instead extends its current wave.  Trade safe.

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