SPX and NYA Update: NYA Confirms Prediction from Nov. 14

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.