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Friday, August 28, 2026

SPX and COMPQ Updates: [We Are Experiencing an Article Title Shortage Due to Hurricane After-Effects]

So tomorrow will be two weeks without power and internet to our house -- and now my cell provider is having major ongoing problems with their "high speed" mobile hotspot (which I'm paying extra for) and I'm not even getting 1 Mb/s of data through their garbage connection... so today's update is going to be on the short side.  Tomorrow, we'll be getting out of Dodge (again), this time until Wednesday (we have no idea how long to book our stays, since Hawaiian Electric is still unable to provide any kind of estimate as to how long it will be until they can repair our downed line).

Anyway, I'll do Monday and Wednesday's updates from the road.

Last update noted that SPX and COMPQ had potentially formed enough waves down for a complete C-wave decline, and that looks increasingly likely.  This doesn't entirely rule out: 1) another wave down (though that seems like an underdog); 2) Some kind of stupidly complex correction like a WXY (which would form ANOTHER ABC down).

But the straightforward option (if the market doesn't want to opt for something more complex) is that the correction is over and it's on to new all-time highs.



Nothing to add to COMPQ:


In conclusion, no real change from last update -- the market has simply added confidence that it was correct.  Trade safe.

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