the next thing to keep an eye on is the lower boundary of the blue channel -- if bulls can keep closing above it, the uptrend remains intact.
And bulls indeed kept closing above it (in fact, tested it from above and it held) and look set to open today at new highs.
Bigger picture, SPX remains above this meaningful long-term confluence:
In conclusion, COMPQ (not shown) remains below its next long-term resistance level -- so there hasn't been a true "all clear" yet for bulls and this remains an inflection zone. But that said, bulls are still doing what they need to do and bears haven't shown much gumption of late. Trade safe.
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