Quick note …. recent mini slump looks likely to set stage for one more Risk ON move into yearend.
Might see north to 4150 or better.
Looks like a bucky breakdown scare is next.

PL elaborates

“In conclusion, no change from last update, and we remain on the cusp of a (bearish) impulse”
http://www.pretzelcharts.com/2022/12/indu-and-spx-little-more-detail.html

My work suggests over weighting the odds on his red “Or 2” in his second chart.
And over weighting “patience”.