Since last update, INDU managed a new all-time high and SPX rallied a bit more, only to give it all back before the close. SPX's pattern is clean enough to allow some contingent near-term targets in the event of a breakdown (but not clean enough to guarantee such a breakdown -- so these are "if and only if"):
Bigger picture, SPX is of course still within the blue channel:
So, in the event of a breakdown, we have some near-term targets to watch, but if there's no breakdown, then the beatings will continue until morale improves. Trade safe.
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