Since last update, SPX inched higher, but the bigger news it that NYA made a new high, finally confirming my read from three weeks ago:
Nothing to add to the big picture SPX outlook:
Near-term, we should at least be aware of this possibility:
In conclusion, I do want to reiterate that the black lines on the final SPX chart are not a prediction, just an optional path the market could take. If it avoids that path, then it will just continue higher directly. Trade safe.
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