SPX, COMPQ, INDU: Lucky 13

Since last update, COMPQ bounced right where expected, while SPX ran just a hair lower before bouncing.  I noted a few times that SPX would likely follow the same general path as COMPQ, so the blue path is holding up well enough.  I've noted the divergence point on the chart.

SPX did a quick little whipsaw of blue before bouncing:

And INDU bounced right at its major long-term trend line.  This helps highlight why it's a good idea to watch multiple markets at the same time.  If one was just watching SPX, one would not have seen this.

This INDU chart is also approaching its landmark 13-month anniversary:

In conclusion, bulls have held things where they needed to in order to maximize their chances, but we'll see what the market has in mind here.  Trade safe.