SPX and INDU Updates: You Don't Have to Twist My Arm

Last update noted that unless bears could break down support, there really wasn't anything for them to get excited about, and that remains the case.  If you twisted my arm, I'd tell you to knock it off because I was going to say this next part ANYWAY (sheesh) -- and then I'd tell you that now I'm not going to tell you anything at all, since you twisted my arm for no reason.  

But if you apologized, I'd say my best guess is that there's probably more upside left, at least near-term:

In SPX, since September 17, we've been Saving the Environment® by not wasting paper doing new annotations.  Plus there's been nothing to add.  Assuming my take on INDU is right, then if SPX may also retest its prior high.  If it then goes on to clear its prior high, we should watch the centerline of the blue channel for next possible resistance.

So, that's about all the news that's fit to print.  On the downside, the blue channel remains the first zone bears would need to break.  Trade safe.