SPX and COMPQ Updates

The last few updates have noted that SPX probably still needs at least one more 4/5 unwind higher, and last update offered COMPQ as evidence of this:

For now, this remains the presumption.  Last update also noted that SPX could have a fourth wave unwind on deck, and it's at least possible that's what's happening now:

In conclusion, if bears can sustain a breakdown at 6079, then SPX could be unwinding a fourth wave, with first targets as shown on the SPX chart.  Beyond that, not much else to add to prior updates.  Trade safe.