Re-posting my $NYA chart from a month ago and S&P chart from last week. Again, keep an open mind here….this remains a bullish a set up near term. I suspect the broadening pattern on the S&P will break out to fresh highs and sucker the little guy back in the markets. The problem will be that the NYSE composite wont confirm the breakout and in fact may play out as a Wolfe Wave double top….which will be my cue to take long profits (possibly in everything) and position myself for a hard turndown that may last until after the election. Looking at July timeframe for this to play out.

NYA

SPX