SPX, COMPQ, INDU, NYA: Fairly Clear

Not much to add from the past couple updates, but we are increasingly seeing signs that bears may be able to run with the ball from here.  Let's start with COMPQ:

SPX tagged last update's blue trend line on the nose and then gave up:

INDU still remains below is key pivot zone:

And NYA continues to illustrate how the market could have recently completed a larger wave, perhaps at significant wave degree:

In conclusion, bears still haven't broken the key levels they need, but they are doing what we'd expect them to do if that was where the market was ultimately headed.  As noted on that SPX chart, that would suggest a trip down into at least the 5500s over the nearer term.  As INDU and SPX both also note, however, the zone above which bears might want to back off looks reasonably clear.  Trade safe.