I’ll finish the thought down below, first let’s look at the Swing System. Treasuries confirmed a buy/long today with a close back above the mid band/red-green indicators. The remainder of the Alphahorn Swing Indicators remain on BUY/LONG signals.
.. a bounce, if not more. The NYMO chart is indicating the long trade is either on or very soon to be on. 2 of the 3 barriers I follow for the NYMO are signaling long SPX with their closes below their lower barrier. The move up could begin tomorrow or in a day, but it’s coming according to this chart. The 30 min chart below shows the favorite count, and a good case can be made that wave iv concluded today. If it did, then it comports well with the NYMO chart and we should see a move up beginning tomorrow.