Lots has happened since last update -- and yet, nothing has happened: the market is still range-bound, and is still in basically the same place.
The trend line chart continues to prove valuable, with two tags of green since last update, and the market reacted to both:
In conclusion, we do seem to have some promising levels to watch, though the more times a market moves through a range, the less reliable individual price levels become. I do want to reiterate something, because anytime there's a near-term bear count, a handful of readers start thinking that means I'm predicting a new bear market -- but it does not mean that unless I explicitly say that. ABCs are corrections against the prevailing, not new bear markets. Anytime you see a count terminate in the "C" label, that means it's not expected to be permanent. Trade safe.
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