E-Wave for the S&P 500 Index

[RCKS]

"....In a nutshell, the modestly more likely outcome is new all-time highs,......"

http://www.pretzelcharts.com/

Last update expected more upside, and SPX managed to claw back above its weekly high. Nothing else has changed from recent updates. In a nutshell, the modestly more likely outcome is new all-time highs, but this remains an inflection zone and thus we shouldn't "take that outcome for granted," so to speak. Treat it probabilistically.

First up is INDU:



And SPX:



In conclusion, I front-loaded the conclusion into the first paragraph, so just imagine that paragraph [here]. Trade safe.