SPX and COMPQ Updates

There are no real changes since Friday's update, since SPX has continued to bounce off the blue trend line.  Worth mentioning that even though everything is so far performing in line with a WXY, as SPX moves higher (and thus closer to resistance), bulls will want to gain more caution, not less -- since as yet we cannot "rule out" the more bearish options (such as a b-wave low).

COMPQ is closing in on the upside zone that I mentioned on Friday:

Not much to add beyond that.  Do keep in mind what I mentioned not too long ago: even if SPX makes a new all-time-high (which it would if the WXY count is true), the possibility exists for that high to be micro wave 5 to the rally off the July low, which (if that were to be the case) would be followed by a potentially-larger correction.  So, while sometimes new all-time highs can, of themselves, signal an "all clear" for bulls -- this is not one of those cases.  Doesn't mean the rally can't continue, just means that from a technical standpoint here, a new high would not be enough by itself.  Trade safe.