Since last update, SPX confirmed my read that at least one more small 4/5 unwind higher was needed:
Due to expanded flat potential back at the 2nd wave, it's possible that no more 4/5s are still needed, but because the latter portion of the 2nd wave looks like a three (it would need to be a five were it an expanded flat), I'm presently leaning toward the idea that there will be another.
NYA discusses the two most obvious bigger picture options (added the red annotation today):
Beyond that, still not much to add to the deeper dive updates of the past few weeks, except to note that I just learned that I missed the opportunity (a couple weeks ago) to call out November 19, which is apparently "Have a Bad Day Day." I'll probably forget by this time next year, so, having just learned this useless fact, I felt obligated to share it immediately. Anyway! Trade safe.
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