Quick update:
NYMO cycle is confirmed down.
Price couldn't make it to upper keltner and has returned to middle and 50 MA.
The one up gap target at the July high may be unfinished business, but this gap was closed in SPY and ES. So, no trade was left behind.
A couple of gap targets below may get magnetic.
There is a fair bit of technical structure to support a serious correction here.
I have no idea what will happen but let's see.
My long SPX runner was closed out shortly after my post earlier this week.
Now short SPX and R2K with one scale taken.