SPX, INDU, COMPQ: Right on Target and the Next Key Levels

Last update noted that a bounce wouldn't be out of the question, and that's what we've had since.  Most interesting is how the bounce ran right to where I suspected it would -- INDU shows this most clearly.

INDU also most clearly shows the potential problems for bears, were the bounce to continue, so let's start here:

COMPQ ran to its red horizontal (its first upside target), then got rejected like a creeper on prom night:

COMPQ near-term -- note the thick black line:

And finally, SPX, which also tagged first resistance:

In conclusion, this is the first real test bears have faced in a while.  They probably need to hold the market below yesterday's peak, or things get a little sketchy for them.  If these noted key levels hold -- IF and only IF -- then all's well for new lows.  Trade safe.