At the risk of being wrong, I’m posting an INITIAL read of my charts this morning.
Its too early to go into great depth just yet.
SPX continues to leave heads scratching. W4 bounce? W2 counter rally? X wave?
Whatever it is, I don’t see a W5 bull to new highs from here.

Re PMs, I said in April, no bottom before late summer. We’re in late summer, and hopes have been rekindled.
In retrospect, I think I was too optimistic and now don’t sense a bottom before mid to late autumn. If then.
If my energy sector read is correct (IT bear ongoing, but bull resumes in earnest by mid Q4) even that timing may flop.
Silver’s bounce is stirring hopes. But that’s my read, its not a BMR but a BMB.
We’ll see … the concrete is still wet.