The two main options for NYA probably look something like this:
Next, we have INDU, which is back to its key breakout line:
Finally, the near-term SPX decided to also get a little goofier. I haven't updated the chart, because there are too many options now -- but 6035 can no longer be the bottom of wave C of a triangle. That low is either wave (a) of said C wave, wave a of a b/2 correction to the prior leg up, or a NESTED WAVE 1 down. In other words, bulls should be very cautious on a sustained breakdown of the blue "alt: a/1" low. Note that under the most bullish counts, that low could break somewhat, without too much technical damage immediately, but it would certainly be cause for caution.
In conclusion, the market apparently got wind of my holiday schedule and is trying to make things interesting to keep me from relaxing. Which brings me to: I'll be traveling with my family starting tomorrow and running through Christmas week. Due to the way the calendar lays out this year, there are only 4 remaining Monday/Wednesday/Fridays that don't fall on holidays anyway, so I'll be taking those off and returning after the New Year. I wish everyone a safe holiday, a Merry Christmas, and a prosperous New Year.
In the event there's something Earth-shattering going on toward the end of Christmas week, I may try to publish a special update. But I'm really hoping that's not necessary just yet! Trade safe, and have a great holiday!
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