I’m focusing on SPX here not the PMs (maybe later)
but I’m seeing early indications of an impending deadcat at higher degree.
If I’m right, we should get a local upturn by tomorrow.
Rattle around this week consolidating that.
Then a stronger move up beginning by Friday or Monday.
Too early for anything near certainty, but this appears to be leading to what EWers call the
Point of Recognition bear move (3 of 3 of 3 DOWN) after that dead cat dies.
If you’re a bear be ready for BOTH moves, especially the second one.
This is NTA and I’m just reading tea leaves as best as I can here.

hat tips to Jason just now, with same call overnight by Dario (referring to Jason’s blue “or 2?”)

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK2583JZSv1s3REqUDtiO2vlG85nZFJ_G5qh7AMpLf50l2I6OlaxHQoEVnPbXWBagQ8rGvrlvSUlJHv8yjd0dq4M8NaeDjqCwJR3bG16k10jEJDsQjKrbO1IVSG4NjW7pCiNGbeNVLlnmGzwEracItHu4-GMozYALkYaW7cXtX2CHlf4d9EyVKpSi8xA/s1565/spx%20it.png