A couple of things:
Technically, NYMO confirmed an up cycle Friday with a 2nd close above the zero line, but boy, it was barely above zero.
If one considers some range error and the possible impact of the Russell rebalance on Friday, it is fair to consider the NYMO read as inconclusive.
We have firmly negative NYMO this morning to boot.
I have labeled the last down cycle as complete, but I am applying discretion over dogma to setups for a little while.
I have 11 open gaps below at the moment.
I am flat.