SPX, COMPQ, INDU: Getting Closer

Since last update, the market has continued to drop like a water balloon, and SPX has captured and exceeded both its common first targets:

COMPQ is looking shakier, though not QUITE to its key overlap yet:

And INDU's whipsaw of blue was indeed a serious warning sign:

In conclusion and in short:  Bulls are running out of real estate rapidly.  If they can't pull out of this tailspin soon, then it will become increasingly likely that a major bear market just began.  We'll give them a little more breathing room, but right now things are looking pretty awful for them.  In the event this was the start of that major bear, we could ultimately retrace most of the rally that began in 2022... and if this is the start of a secular bear (a distinct possibility, given the wave positions in the big picture), we might not see current levels again for many years.  Just something to keep in the back of one's mind.  Trade safe.