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Wednesday, May 7, 2025

SPX, INDU, COMPQ: One for Da Bears

Last update looked at the bull micro-count, so it's only right to look at the bear micro count in this update.  The bear micro count is for a WXY off what I'm calling the "Trump Tariff Low":


WXYs (when correcting bear waves) consist of three ABCs -- two that trend higher, and an intervening ABC that trends lower.

The bull option remains the same as noted last update:


And COMPQ has, so far, been rejected from its standing upside inflection zone:



Today is, of course, a Fed day, so the market will likely decide the winner between these counts in fairly short order.  Trade safe.

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