I5t appears that a Triangle has formed at the Micro level in the SPX. That explains the week-long sideways consolidation that we’ve seen…and the reason why we haven’t seen the trendline get broken, as well. We may see a pop on Monday morning, so see you there!

We have either seen the first impulse down in the NDX or a Wave c of (iv). Monday will likely clarify that position.

Regards,

Tony

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