SPX and INDU Updates

On June 12, I talked about how INDU and NYA didn't seem to be playing along with the bear case, and both have since made new highs.

SPX has now rallied up to the rough retest of its prior high:

So bears probably can't afford too much more rally if they want to get a C-wave down.  I do suspect that if SPX forms another scary wave down, this is probably not the end of the bull market yet, based on INDU and NYA -- but I can't rule that out, of course.  Trade safe.