"Not much has changed since last update, except to note that SPX has rallied right up to the confluence of the red and black trend lines on the prior chart:"
"If blue B/2 is going to remain simple, then SPX could turn back lower fairly directly; conversely, if B/2 is going to become complex, then it may rally toward the higher black trendline of the upsloping black trend channel (second B/2 label).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.